. - these are great points, thank you for writing. i guess i was under wrong assumptions that there'd be some safety issue if i'm replacing the roof with tenants occupied. given its black friday i think i got a little too excited about replacing appliances but good points, if it ain't broke why replace it.. thank you for your advice! 

Lots of assumptions in your statement you best be sure of.

I’ve built some equity on two properties in Texas.In 2014 I purchased a house with 20% down.115000 original purchase price86500 original loanI’m looking at doing a cash refinance and I believe the LTV for that is 75/25My assumptions are:160,000 appraisal120,000 loan 80%40,000 20% downpayment120000-76,132.45 (current balance on existing loan) =43,867.55 cashI’m looking at purchasing 1-2 single family rentals with the cash I receive.

seems the assumed returns on syndicated deals could get crushed.you are correct to worry about this. that is why you need to look at sponsor assumptions and see if they stress test their projections. most will publish a 3 part scenario (good economy, stagnant economy, poor economy) and some will have a whole range of projections (sometimes you have to ask). and yes, if interest rates rise a ton, some deals will get crushed, that is why part of your due diligence is to study the terms of the loans and see if you are comfortable with them.

Have you filled out a calculator so we could see all of your assumptions?

Personally, I think your maintenance assumptions and capex numbers are ok, but I think your management per month assumption is light. 

Just make sure you have the buyer sign an assumption of the lease with an indemnification provision for anything that occurs after closing.

I think Aaron you said you are in Property Management, is that assumption too high?

Im operating on assumptions here, so from your picture/location you are fresh out of bootcamp and likely not from the area.

The wording of your post indicates that you're looking for cash flow (although you called it earnings, which can be very differnt).I'll make some assumptions.