Like most places with growth though, it's hard to find properties to cash flow given interest rates etc. 

Rise48 is raising preferred equity at a valuation that is not market, with income growth projections that are unreasonable, and putting $7,000,000 of new investor cash back in their pockets... $7,000,000!!

With $60K to invest, you might also consider looking at more affordable markets, either in California or out of state, where you can house hack with better cash flow.

That’s the lowest hanging fruit in my opinion. leverage the lenders money and have great cash on cash returns… move out after a year and then repeat the process.

I'd also be shocked if there's any cash-flow after the refinance.

@Kristin VegasHow much cash flow is the property producing per month?

Lot of crooks in this business.That being said, Abilene is a great town to flip or find properties that still cash flow. 

that money is not the same as cash... you're paying interest on it.but let me know if i am missing something.

The issues that most run into though is the property doesn't cash flow enough to support a higher LTV or most lender require a minimum FICO to qualify for the higher LTVs... some lenders have other experience requirements and reserve requirements as well... all depends. 

If they can and are willing to provide ACCEPTABLE proof of their hardship, we may give then a few extra days (not weeks) at a step in the process.There is some merit to Jeff's claim that he is doing the work of 5 people - but, it won't take 90 days to go through everything.