Then there's other factors to success especially in a heavy lift like this, some of the most important in my opinion are Being on site regularly to manage the contracting processHaving a lot of cash reserves - 'a lot' imo would depend on how thorough your current bids are and how old the property isYou mentioned it's bleeding cash now, whatever your timeline is for the property bleeding I'd double it and see if it still makes sense. 

Reason I do not want to do a cash out refi on my primary is because my rate is locked at 2.7%.  

Evicting the Smoky Late-PayerThis tenant sounds like they’re giving you more ash than cash.

Debt service is not part of NOI.There is no calculation here showing your cash on cash returns, projected valuation, nor projected total returns. 

.$$ Range = max 350kDown payment = max 25%Goal = Positive cash flow and appreciation(if possible)I'm thinking about 2 options. 1.

Or should I wait for mortgage rates to come down and do a cash out refinance?

Since my father passed away unexpectedly, i do not have cash in hand for the deposit.

It is hard to pay the price of a ready to rent property and get it to cash flow.

Using a HELOC or doing a cash out refi is a great way to use the equity in your home.

Just starting off, I am wanting a cash flow 4,3, or 2 unit property.