Making money in real estate requires experience and starting with no or little money makes you study harder.As much as most of us probably wished for it, getting started with a lot of money in your pocket is a recipe for disaster: the temptation is to make the deal work by throwing money at it.If you want to go into real estate go with a syndicator with a good track record.

My dad and I (both with access to VA loans) are about to get into the multifam game and how we proceed is really going to depend on the true occupancy rules for the VA and our lender.

Read some other comments - I guess it is technically a cash out refi, but you're paying off a line of credit as opposed to putting the cash in your pocket which is what I typically think of when there is a 'cash out refi'.

@Valerie Anthonyova Welcome to Bigger Pockets !!

In some states, the Title Company would be responsible for paying the rent out of their pocket for failure to settle. 

It's all fun and games until your bank freezes and converts your line for any number of reasons that are in the loan agreement.

In 2018, we had a property turn and the net cost to you out of pocket was around $500 (costs to repair minus the security deposit that was returned to you.)

It seems like the shortest path to cash-flow with the less out of pocket expense. 

Keep expanding, receive a larger line of credit (never come out of your own pocket), and scale to funding bigger deals where you can get your money+, and also equity in properties. 

We talked about the pros and cons and he said I had to meet his partner, Ron who is a part owner in a CrossFit gym and sits on the board of a sports marketing and gaming company.