My parents gave us the down payment as a wedding present.

They should be presenting issues or concerns and getting direction from the Board of Directors (BoD) if your not getting that help, find a new a management company.

The moral of the story is not in the present but rather in the future.

With an ARV of $200k and $70k in equity.Question is, when I refinance to pay back the $30k renovation loan do I take out an extra $50k in equity, leaving me with 10% equity but money to flip with a partner, or retain equity and save up/possibly use hard money to flip and use retained equity as collateral on a bigger property, as soon as the deal presents itself.I am doing this full time with a VA pension as my income.

Alex, work the deal backwards to see if it's viable and present this to the seller.

{I just looked and the reduction in cash-flow is presently 2.3% ... quite irrelevant given the good it produces.Now, during the first term of any mortgage, we will make regular principal prepayments provided we have sufficient reserves in-place and no immediate higher use for the free cash-flow.  

It is always necessary you be present.

Detroit tries to sell itself, one house at a timeFrom the NYTimes:"Buyers must pay 10 percent of the price within 72 hours; close on the deal in 60 or 90 days, depending on the purchase price; present a contract for repairs a month after closing; and have the home occupied in six months.

In that speech, that he practiced, he spoke of all that he had accomplished in his 23 years [he is 20 now] One accomplishment mentioned in the script was his aquisition of real estate.At the end of the presentation, the plan was to invite people into the next room for refreshments and to take a look at his motivational cd's and his fantasy adventure trilogy [ we already have an Autistic group who is interested in financing publishing as soon as the last book is completed.

My company is presently set up in Nashville, TN, but because I am originally from Chicago I have scoured the area for good deals to embark on.