While the new property may bring in additional monthly income, the increase in your monthly net may not justify the amount of new debt that you would be taking on.

Thanks, and I look forward to hopefully getting more involved on here if we're fortunate enough to have things start to snowball over the years into additional properties!

And you could still give the seller a floating purchase price using an option simply by tying the future sales price to the then appraised value, or FMV minus 10%, or a fixed price today with a 5% uptick annually until you exercise the option.

You should be able to roll in all your closing costs and loan amount so you have no out-of-pocket cost for the refi if you have additional equity you can also take that out up to 75% LTV. good luck! 

Have you done any additional research into the requirements?

I believe the future is to hold them and sell them later on contract to allow yourself to have the additional cash flow without the huge gains

Additionally, I have many years' experience in construction and home inspection, and I personally inspect every property with my agent before buying.

When my daughter looked into tankless, they told her they could install it outside (couldn’t work out venting inside) but it would require additional maintenance, so they just went traditional.

If they do more damage you simply add it to the bill.

Refinancing can allow you to pull out equity, providing you with additional funds to use for the down payment on a new property.Look into financing options for purchasing a duplex.