Cash Flow Management: If you take out additional debt, it's crucial to have a plan for managing your cash flow. 4.

Personally, I'd cash-out refinance into a 30 or 15 year loan.

If you're looking for MY permission to abolish FinCEN - you got it  ;)It would save everyone a lot of hassle, no doubt

Thanks for sharing and saving me the time!

Seller wants $160,000 cash out which leaves $50,000 in equity for the buyer.I had a taker from CA but he couldn't come up with the cash.I was not aware of anyone that understands that kind of deal.  

If you oversimplify it and take your total cost to close the deal / monthly savings = # of months to Break Even.

If so, you were never going to be able to refinance out of that without putting some cash into it. 

You do have to purchase at least as much real estate as your net sale if you want to defer all tax.TICS are generally cash deals. 

Using a HELOC to fund your first rental can be a great strategy, especially if you want to preserve your cash for other expenses or unexpected costs.

If you math it out it is probably unlikely that you will be cash flowing on a property that you are using 100% leverage on from a turnkey company.