Yes, the lender was Premium Mortgage.

I was looking to put 80k cash into then refi afterwards and possibly getting 130k. 130k on mortgage would be close to $800 only leaving $200 in cash flow each month. 

Hi @Chris Garnes,I am an investor who has self-funded rehabs and also a licensed mortgage broker.

Home equity is the difference between what your house is worth and what you owe on your mortgage.

Hvac 7500 I could have done it a bit cheaper(6500) I used a high efficiency unit.Plumbing 4500-5000Electrical is in flux but I think around 6-7.I put a WD and a dishwasher in this unit.Again please forgive the typos, I usually update with an IPhone whilst feeding the baby....

. $300sqft to build at least.If you have any sort of mortgage on the property you will need an attorney to handle the mountain of paperwork the bank will give you for a lien release. 10k+, also probably some nightmare terms to have to build and sell immediately and god knows what.At this point a year has passed and you have spent at least $60,000 cash, you're about to break ground on a structure that will cost you at the very least $400,000 to build, you are still 1 year away from cashing out because you have to now build a house.

Duplex can always add additional units via the ADU laws. 8) Related to number 1, purchasing a property with an existing ADU is cheaper than buying a property and adding an ADU.

Is $107k your true net, or do you have any other expenses (mortgage, taxes, lodging taxes and fees, insurance, utilities, landscaping, WiFi, etc.)?

I'm both an investor who has done fix and flips and a mortgage lender.

I want to cash out refinance and close it under our LLC as DSCR mortgage.