id=10Es_tZ8EAUJSS5c2UDGC_LZAP0_W2PA5&usp=drive_fsQuote from @Michael Carlson: Quote from @Jaycee Greene: @Michael Carlson With those numbers, and using $2,400/unit for rent, I'm coming up with a 7% cap rate on the $580k ARV.

I did a cash out refi on my principal residence at a much lower rate and paid it off.Now I plan on using the equity for more purchases.What? 

Our occupancy rates have been 65-95% during the peak.

I probably wouldnt trust it 100% with that though unless I input all of the data that I have from my analysis in terms of ARV, rental rates, rehab rates, etc. now that I type it out, that actually would be a good idea aha. 

When I originally put my savings into Marcus, it offered the best APY rate at 0.5%. 

When considering single-family homes (SFH) or small multifamily properties, it’s important to analyze rental demand, local property values, and rental rates to ensure you’re getting strong cash flow potential.

Say home improvement and they will send you up to $50k at relatively low rates with no pre-payment penalties and they do not check how you spend the funds.

My easiest, no hassle, lowest expense rentals are the ones where the tenants stay 5 + years, do minor maintenance themselves, call me immediately with any issues so I can fix them before they become much more costly, and agree to annual market adjusted rent rate increases.  

I’d rather not give up my current first mortgage rate to get cash out to renovate. 

Then you can just go to the chat, and analyze the deal, it can even pull CMA and rental estimates, count in the repairs and get you cash-on-cash or cap rate or whatever metrics you need.