Here's my objectives:-My long term goal is to own up to 10 rental properties (emphasis on SFR or duplexes/triplexes or quads if I can find them) in the Greater Seattle Area or King County that cash flow and use the remaining cash to pay down the mortgage with some reserves for maintenance. - Greater Seattle area is expensive so i'm willing to go further if it makes sense - I intend to use a property manager and will structure the model accordingly.

Or just get some king of termite killer and spray the area, then install a new board?

@Jason King,Use the search engine at this site for:   Brookview FinancialI'm not in Rhode Island, but I would not pay upfront fees to any Hard Money Lender.When I attend the monthly Reia meeting in Ct., I usually see at least one Hard Money Lender in attendance.Have you Attended the Reia meeting in your area?

Good question @Rob King.  

cash flow is king... the decision whether or not to refi the condo is without question, but the path to a larger property depends on the equity need for the plex...

Neighborhoods with biggest appreciation since 2000 from Neighborhood ScoutNeighborhoods Since 2000 Kings Hwy / N Montclair AveW Davis St / N Zang BlvdU of Texas Southwestern Medical Center at Dallas / Harry Hines BlvdS Lamar St / Corinth StN Hampton Rd / Singleton BlvdCommerce St / Main StCity CenterRoss Ave / Crockett SGannon Ln / S Westmoreland RdEastern Ave / Caruth BlvdSo one trick is how much you want to spend and what kind of property you want and what kind of neighborhood you want to be in.....#2 might have gone from $50,000 to $150,000 and have 1940s and 1950s houses. 

D property maybe a stretch to a C-C/D area Now at first look this is a cash flow king but there has got to something I am missing.

@Keeshaun King I would always want positive cash flow.

I've been marketing for myself to King and Snohomish counties and have recieved a couple of great leads (I think)... that I may not be capable of buying.

In my opinion, it is the safest and most logical thing for me to do. i live in Washington state, king county.thanks in advance!