First, I'm offended that OP would confuse me with @Andrew Syrios. ok here is the deal, I have PERFECTED this process and while it is tricky, it's possible to extract 100% of your funds from a deal with no seasoning (minus transaction costs). the key here is 3 things: 1. your ALL-IN cost needs to be 75% of the ARV, because you're going to get a loan for 75% LTV. if you have more than that in the deal, there is no chance.

All of my units except two (one has loan with such good terms I chose not to refinance it the other has not appreciated enough as it was purchased only 2 years ago) has had initial investment extracted via refinance.  

The fact is there is almost no such thing as a meaningful ARV in this city.

The rules are to keep BP free of all the clutter and allow people to have meaningful conversations, get advice, etc. with their real estate investing.

If I was them, I would try to extract something from you for giving up the space, even if I wasn't actually using it.Marketing: Absolutely you will have to market.

But if you want good wholesale deals like $20K, you need to be doing your own marketing, not just getting deals off the MLS.Best comp: around $230,000Not very meaningful.

Honestly, though I think trying to extract $20K out of a $112K wholesale deal is being greedy.

I don't have the ability to predict things like population growth, job growth on my own (I don't have any non-census data that would be useful), and I don't believe census data (what most people like to use) is a meaningful indicator, as all it does is extrapolate trends.  

I imagine one to three years would be insufficient for any kind of meaningful refinance in our market, but perhaps I haven't been at it long enough.That said, @Rebecca Holmes and @Scott Schultz, who have certainly been in this market and paying attention longer than I have, are probably on to something only experience really shows.

@Michael Noto is correct in suggesting to get better tenants in you'll benefit from extracting the bad ones.