There will be a down turn and that can disappear quickly.

With such a thin monthly cash flow you need your numbers to be perfect, and if things end up being higher after investing well then your cash flow might disappear. 

[But please, don't fall for "easy private money" ads, which are often scams aimed at getting upfront money out of you, first, then they disappear!]

The buyer promptly disappeared, leaving us with a 13K code enforcement lien, as well as a house full of junk.

Once they know we have proof of the before and after, the arguments disappear.  

There's no interest once you pay off.The other consideration with pulling out equity -- be it HELOC or cash-out refi -- is that your $350/mo in cash flow is going to disappear.

I knew they wanted tot he flooring and was worried what had already been pulled up would disappear but never thought they'd have went to this extent in cutting the house up@Bryan Pham thanks.  

Provide them with a dehumidifier and make them use it and the winter mold issue will likely disappear.

The newer homes also had copper plumbing and new kitchen cabinets and doors, stair rails etc that disappeared/New construction were selling in the high 20's , old homes around 10K..

I heard later on that he would "sell" these properties to 4 or 5 people at a clip and then disappear.