Now you need to figure out how to find deals and pay for them.

Like do some cleaning job, contacting maintenance people, knowing how to pay water bills etc. these are all the basic work when you become a landlord and you need to know how to manage your property first.

The plan is to Refinance after a year, applying what is pulled out, back to the mostgage to pay it off as quick as posble.

Just remember selling it quickly means you pay taxes on the property.

If they’re paying 85% cash, like from a 1031 exchange you have almost zero risk and 6% is fine.

They are yet to pay the deposit.

With regards to the cost to step foot into this loan I’d be paying the 5,000 she has in equity plus the difference in purchase price to sale price ? 

Look at paying into your debt like this: Your making 3.75% ( technically after taxes only  about .75 of that ) on your money when you pay that debt down.

I found a house in coddo mills that is around 300K and I need to pay $300 every month from my pocket after renting out that house due to current high interest rates (25% down payment). 

Once I started paying off loans and raising rents, years of suspended losses went away fast.