To get this amount through a cash-out refinance at 80% LTV, the home value must be at least $453,800 after one year.Based on your report your ARV right after reno is $425,000Add a 8% home appreciation for one year $34,000Estimated Home Value After 1 Year:$459,000Assuming a refinance after 12 months with a property value of $459,000: New Home Value (Post-Appreciation): $459,000 New Mortgage Amount (80% LTV): $367,200 Existing Debt Balance after 12 months: -$360,000 (because you have been paying interest only) Assuming Bank fees on New Mortgage: - $200 Cash Pulled Out: $7,001, allowing you to recover to pay only 7k on your initial investment of $29,790, leaving $ $22,789 in the deal.Many new investors mistakenly believe the BRRRR strategy ends after the cash-out.

Other distractions include non income-producing activities - aka any distraction pulling you to do something other than speaking with and following up with people.How can I prepare myself?

A court will use those valid addresses for subpoena at the hearing.Finally, in my own tax lien work, I will often remove dead trees myself using multiple stay lines and then pull the tree down myself. 

I think there are two maybe 3 ways to look at this in my mind.  1) you go into it and bring it all up to modern standards but using that old charm to basically take what is there bring it up to modern standards and rent it out essentially I'm thinking cocktail bar or something trendy like that.2) most banks are on really good centrally located real estate if this is true, then I'd consider it for the dirt, plan to scrape the lot and go vertical with whatever the highest and best use is.3) a kind of combo of the two, if the lot is in a good location and its doable, pull the vaults or other "character pieces" out of the building, scrape the lot, and build whatever is best suited for the site there, but incorporate those historical pieces into the final designs.Is the site near a major retail area? 

Sell it for the same you bought you pull in $40,000.  

I have seen your posts on BP regarding Tulum for almost a year now and am curious if you pulled the trigger or if you are still analyzing Tulum. 

They also take more work, are more stressful, require you to be on the hook for a monthly payment and scary amount of debt, and are hard to pull off.

Do you have a a separate rainy day fund for each property or just one fund that you pull out for whatever property it is needed for? 

I put almost everything on our cards and pay off a minimum of twice a month, usually more frequently since you don’t know exactly when the info will be pulled by the credit bureaus.

Constant accordion push pull.