the property’s rehabilitation is scheduled for completion in 2025 and the rent will subsequently increase, can I proceed with a cash-out refinance based on the current rent roll?

If they have, you extend that time to 6 months from date of death.On top of that, every month you delay buying the house, the loan balance is going to increase. 

The ONLY reason why it looks like SEO is competing for that minuscule amount is because SEO is the only strategy that GETS/TARGETS that minuscule amount (which is what you want).When you send out DMM cold calling and texting, you are targeting the entire population so you THINK you have a large audience, but no no NO!

Seller is the Agent.Seller bought property in January of 2023 for $730,000Current “As Is” Value : $770,000Target Acquisition Price: $730,000-$780,000 After Repaired Value: $900,000Repair Estimate: $120,000Initial Offer Amount: $715,000Loan Program: Bank Statement Program.Total Estimated Monthly Payments (Principal, Interest, Taxes, and Insurance) $5500/month (based on $770k purchase price)Estimated Gross Yearly Income from Short Term Rental: $160,000 (65% Occupancy, $700 a night| (STR Listing Comparable properties Listing 1 Listing 2 Listing 3)Net Monthly Income after management and taxes: $11,751.25Net Monthly Income after Mortgage Payments: $6251.25 ($75,015) Per YearTotal Cash Investment: $297,000 ($177,000 in down payment and closing costs and $120,000 in repairs)Average Yearly Return on Investment: 25% yearlyAverage increase in property value per year: 5%Average increase in booking revenue per year 7.5%Property Value average after 10 years: $1.5 millionTotal Cash received over 10 years: $1.3 million.Total Equity multiple min over 10 years: 6x total return on $297,000 invested.

At annual rent increases, I do scour Zillow for market rents in the area, which I share with my tenants.

If your property's value has increased since you bought it... given the market trends in Albany, that's quite possible... you could tap into that equity sooner than you might think.

And during inflationary times, our rental rates increase.

This isn’t about immediate affordability; it’s about creating a sustainable system that gradually reduces costs and increases accessibility through scale and efficiency.Institutionalizing Cultural and Economic ValueSimilar to how pension funds and university endowments operate, this model institutionalizes cultural value.

The time back will free up more time to increase your active income, or acquisition of more rentals to get you more cashflow (passively or actively).

However, I enjoy the more operational side of flips and would like to grow my business out of state to increase flipping volume and have less competition in finding deals.