Outside of my principal & interest costs, here are my monthly expenses:Electric: averages $300Water: averages $50 (including irrigation water for lawn)Management (includes weekly pool care, trash cans out & in, pest control): $280HOA: $52Property taxes: $400Insurance: $325Lawn care (weekly): $100Florida STR license: $15Niceties (internet, tv services for guests): $100, and this is generous as I include some stuff I pay for from my own house that would cost more if I didn't. 

bare bones website  no mention of he staff or principals.. so maybe.. just dont send up front money .if they hound you for up front money then you have your answer

The principal, interest, taxes, and insurance (PITI) might be approximately $850.

Website  is it brand new  or not.2. are the principals on the website or key staff with their contact info.3.

When you make an extra principal payment on a loan the ROI on every dollar spent is the APR of the loan.

Principal & interest = $2,623/month.

The remaining principal was about $450,000; the stated interest rate was 11%, and the note had 8 years to run with a balloon.  

Hence I believe the equity in that house is about $200K ($50K paid off principal + $150k of price increase).I would like to take out about $100K of equity to buy an investment property in Texas.How can I do that?

Principal & interest = $2,623/month. 

Loan amount: $135,000 - $40,500 = $94,500Using a mortgage calculator, we can calculate the monthly mortgage payment:- Principal and Interest: - Loan amount: $94,500 - Interest rate: 5.5% - Loan term: 30 yearsUsing the formula for a fixed-rate mortgage, the monthly payment is approximately $535.89.Next, let's calculate the monthly cash flow:- Monthly rental income: $995- Property taxes and insurance costs: $101Monthly Cash Flow = Rental Income - (Mortgage Payment + Property Taxes & Insurance Costs) = $995 - ($535.89 + $101) = $995 - $636.89 ≈ $358.11Now, let's calculate the ROI:ROI = (Annual Net Income / Total Investment) * 100Annual Net Income = Monthly Cash Flow * 12 ≈ $358.11 * 12 ≈ $4,297.32Total Investment = Purchase Price + Closing Costs = $135,000 + $5,500 = $140,500ROI = ($4,297.32 / $140,500) * 100 ≈ 3.06%So, the monthly cash flow on the property is approximately $358.11, and the ROI is approximately 3.06%."