Does anyone know of Austin area lenders that will allow a subject to appraisal for a cash out refinance?  

I realize evaluating deals and lending money are two different things and would like any advice on the subject .

Despite rules that forbid smoking in the unit, "smokers" often will smoke inside again anyway, so be sure to do more frequent property inspections.

.  ;-)  If the City of Arvada doesn't ticket me, the HOA will, so I should probably get after it.I always laugh a little because I'm usually so busy working on my own rentals that I frequently neglect the care of my own house.  

This market is expensive, very competitive (sharks swim here) and completely subject to political fluctuations which could crush a fledgling noob like me.

BUT, i had no idea how to do it, and didn't have the first clue how to build any knowledge on the subject.

There's no formal classification, it's a subjective measure.A - new construction, lots of amenities (nice pool, gym, garages, business center, etc.).  

But purely looking at what you put, not being experienced in flipping, I would make the offer subject to interior inspection (7day) inspection period, 15-30 day close.

However R/E transactions in the Philippines was always done personally because upon purchase they are subject to consumption tax of 12% if purchased by a corporation (which is stupid).Not sure how valuable this information is to you because I've since wound down the HK company.

It also sounds as though you did not do an LLC and choose to be treated as a Sub S corp, so the income will also come to you as Earned Income, and will also be subject to Self Employment Tax (although you might have already paid the maximum).I applaud your decision to set up some kind of system before you do anything like this again.