Its being operated at STR from last 30 months with great cash flow.

Tampa can work, but yes, taxes and insurance are higher and might keep cash flow tight.

., downtown Fort Worth and Texas Christian University).My Goal:I’m focused on cash flow, and this property seems like it could work if I can stabilize it.

I have a number of lenders that I work with that will do up to 80% on a cash out refinance.

“ cash flow returns” almost always compare horribly to a simple bank CD after you deduct for insurance, prop taxes< vacancy, capex, prop management (or your personal time.) etc etc etc. 

Buy your next property with all cash, fix it up with cash, and then do a cash-out refinance afterward.

A cash out refi should take 2-3 weeks with most lenders, and you should have only an appraisal a credit report fee as upfront costs. 

I have a property I’m looking at in Missouri that’s about 1,400sqft, and not sure the difference between a Cash and a Novation offer. 

Looking my insurance policy it mentions that I can opt for settlement under Actual Cash Value vs Replacement Cost. 

Or any amount of cash you take out from the exchange are considered to be profit.