Yet I'm still too chicken to cash this house out and get an apartment building or something in a cheaper part of the country.Couldn't I hedge my bet though by refinancing $200K or so out to make some Midwest moves?

CREAM is a facebook group that hosts meetups from time to time.

@Mark Marinaccio, the Seller has every right to ask you to remove this sentence: "Buyer shall have until the business day before COE (the “Inspection Period”), during which time Buyer will have the absolute right to cancel this Contract for any reason whatsoever, in Buyer’s sole and absolute discretion".Can you see that the sentence has nothing whatever to do with your due diligence, but everything to do with your chickening-out ability?

I actually looked into what farm animal had the highest yield vs. cost and maintenance and from what I was told - chickens were the best.

I'll bail on the paperwork when the chicken wings appear.

Don't be counting the chickens just yet, keep looking for other deals.

Crazy as it seems, sellers in emotional distress and denial over whizzing away their parent's legacy would much rather whiz it away to a local agent who is deeply embedded in their community, who works the soft-serve at church festivals and reads off the bingo numbers at the VFW hall and brings some of his homemade kielbasi to the volunteer firemen's BBQ benefit.Do not discount your local agents who have been eating rubber chicken to pass the card at Rotary events for the last twenty years.

This is every night even on the weekends.we not spring chickens and we need our sleep.our rest is broke every early morning at 3:30 4am on until like 6am not cool.”Not exactly sure how to deal with this situation as above unit has a elderly tenant that is supervised and does need 24hr supervision done by son that pays him through family assistance program in NYC.

It sounds like portfolio lenders are a bit of a "chicken or the egg" situation.

This gets into a chicken or the egg situation since in your example you want to pull the cash out and use it to buy properties, but the bank won't let you do that since you don't have enough existing cash flow to cover loan payment but without the loan you can't buy anything.