Hi @Scott Trench as a Bigger Pockets Pro member for about eight years, I would love it if you brought back the traditional Bigger Pockets Pro member signature line with website please.

It would be nice to cashflow that much with no money out of pocket, but everyone has their own strategy and circumstances. 

We've been helping investors from Bigger Pockets buy in Boise where that rule does not necessarily work - that's because we try to educate them that its more important to take action on an pretty good investment property than waiting around for a "home-run" deal. 

General investing by the typical investor on Bigger Pockets isn't thinking of or capable of providing directives for massive wealth accumulation.

Cleveland, Ohio is a great market to focus on for cash flow and specific pockets have gone up 2x and upwards of 4x in the last 5-10 years even!

Assuming the ARV you mentioned is accurate, at 75% LTV you'd be able to pull enough equity to cover your existing payoff, refi costs and walk away with a good chunk of cash in your pocket.

If that is the case then their loan would not go against the property and you keep the land loan. of course then you need to come out of pocket for site prep.

@Joelle ChilaziWelcome to Bigger Pockets. 

Seems like taking advantage of people to me, to line his pocket, but what do I know?  

@Megan HerringtonBigger Pockets is a great place to find a real estate tax accountant.