Originally posted by @Rob Massopust:What is your LTV with refi, I would assume 75%I'd Keep it for sureOnce you refi and all in your costs are at $1000 per monthYou only have $30k into the deal after refi, so at $400 per month x 12 = $4800/$30k = Cash on Cash return 16%, forget CAP rate, plus appreciation and depreciation etc, cant do much better than that on anything.Making $10k on a flip if will be zero after closing costs, commission and taxes Wait, you are only leaving $10k on the deal, then your returns are astronomical.

My wife and I live in the Silicon Valley and as I'm sure most of you know, house prices here are astronomical.

I don't have an astronomical amount of debt and no other debt besides my wife's car payment and our her college loans. 

The cost to repair sewer lines can be astronomical.

Houses sell in these types of neighborhoods all the time in Boca, but then there are others that sit on the market for forever until they are forced to reduce their sale price astronomically.

Your loan costs will be astronomical.

Our capital expenses are astronomical at this point.

I’m in South Florida where 20% seems nearly like an astronomical number.

I simply do not have the time to do things like driving for dollars and such because this prices here are astronomical.

And it’s astronomically high (~2.5x normal)