An 80% LTV refi would enable you to pull out 120K. 

Extracting hot points from sellers 6.

You do have to extract what you need from them, but that is part of the learning process IMO.

This enables them to provide equity multiples of 2 or higher in 5-7 years.

But the small mortgage enabled me to make a minor cash flow even with the 13% mortgage rates in 1985.

But I can tell you that I catch at least 95% more than someone who doesn't look at all and this has enabled me to avoid a lot of properties with title issues.

@Andrew Johnson I won't really know if the asking price is vastly above market value for the property because I don't know the extent of the repairs needed yet, but based on basic number crunching it shows the rents are far too low to support the value the seller intends on extracting from the sale. 

As a water damage restoration company in Vancouver WA, we extract, and dry out flooding basements, consistently between October, until about May.  

Also, there are a number of companies offering solar power purchase agreements (PPAs)  that enable you go solar for little or no upfront investment.

It enables you to identify potential purchases and then make contact by door knocking.