Let's assume we refi 70% of 150k value ($105k), so that would give us 30k back, bringing our cost down to $37.5k.  

You need to have your attorney send something certified, so that the PM cant claim you didnt have "Due Dilligence" in notifying. it would be terrible for him to bring forth a civil suite for non-payment or a mechanics lien on your business/personal property in the future.

For my money, I'd look there and let the market bring you up.

I'm not too familiar with the markets yet but research I've done suggests that the towns of New Britain, New Haven and Hartford all have a good mix of inventory and low prices coupled with plenty of amenities, night life, cafes, etc and local colleges to bring younger people to the area year after year.

Id need to read up on this last part to confirm, but that's what im drawing from memory at the moment.

Quote from @Jacob Molina: How did you do a 3-2-1 loan or how did your loan officer bring that about?

Feel free to bring any question you have or ideas for topics you’d like to hear about, whether for novices or advanced investors.

Use the brokerage account to fund the downpayment and repairs to bring it up to the comps in the area.

You have no way of knowing.Henry brings up an excellent point about going into a nursing home where she'll be paying some/all of those fees with Medicare. 

I will not know that until I climb under the house and into the attic etc... for inspectionThe area is close to things and is not in a indicated crime location and has a very nice open lot area on the corner with it but again assuming the tenants stay and lease I am looking at that as a smaller issue..Thanks for bringing up the concerns but I have tried to do my due diligence but do not really know is the analyzing aspect has missed something major.