It's pretty lengthy I'll admit, and there's a lot of conversation going on but a few of the guys Albert Bui especially lays out the details of a cash out refi and whether or not your income will qualify with your obligations and the properties income, etc.

Not sure about TX law but this can be risky in PA Philadelphia and doing an eviction can be a very lengthy and expensive process without a lease agreement in place.Ask the seller to have them sign a month to month lease before closing so you at least have a legal document.

So, I'm just trying to work that outApologies if this is a bit lengthy, I know this may be a lot to digest, but these questions have been nagging me lol

I've done a lengthy amount of research on the market and feel confident on the AirBnB regulatory environment, tourism demand, etc.Listed price- $229K, realtor thinks we can get it lower (on market for a while) Projected cash on cash ROI- 57%Current amount of my own cash saved: $42KI'm trying to get pre-approved fairly quick so I can put in an offer this weekend (there's one more offer).

Tried getting a co borrower to go conventional route but that did not workout out due to co borrowers job history not lengthy enough. my credit is good just don’t have enough funds to close what would you do?

@Ahmad Darensbourg The tax delinquent list is all the properties that have overdue taxes.

That being said, he we are over due for a correction in real estate. 

Therefore, rather than going through a lengthy and expensive foreclosure on the property, the bad tenant buyer is now only a tenant and can be evicted.

By the way, I plan to post my new member introduction as it's long overdue. 

Thank you, NA Beard, for taking time to read and respond to my lengthy post.I will do some homework on COE, as this is a new term for me.