It was out of my price range when it was initially posted.

Initially I thought about getting a hard money loan and doing a traditional transaction so that my in laws can get their money right away, however time is not of the essence Someone also told that me to save money (avoId poInts/fees/Interest) and just “partner up” with my InLaws and write a contract stating that upon the sale of their house, they’ll get their 400K and I’ll get the rest, have them give me a quitclaim deed to the property and i’ll pay their mortgage and expenses during the rehab months.

I was initially going to flip the home but when I saw the amount of equity in the deal I decided to live in the property for over 2 years so that I would not pay as many taxes as if I just flipped the home.

Insurance $709- Garbage $225- Lawn $150- Utilities Tenant paysI have not had the place inspected, but I've seen pictures and figure around 15k in initial repairs.

I don't think this is that bad but just wanted to get a general idea before getting serious on buying this house.You know how it is some houses look fixable until you start working on the inside and then you realize there's more to it than what you initially thought.

I get that refinancing would provide cash for your next property, but won't refinancing the property after 6-12 months result in a higher mortgage for the initial property etc...? 

I honestly don't remember us speaking about it in any of our meetings about it at all, even when he set us all up on VRBO initially.   

My initial thought would be to look into a cash-out re-fi or HELOC.  

I was initially looking to BRRR a local duplex because there were a ton on the market at the time.

I was initially looking to BRRR a local duplex because there were a ton on the market at the time.