Looks like you are in a good position to control more real estate  if you get creative ----You have $555,000 in potential equity ----- short on cash - but with that equity you should be able to leverage yourself into lots of real estate.Here are some ideas for you:create a blanked mortgage on some of your equity - pull out $200,000.00create notes on some of your equity - simple to do - have a title company created a note, give yourself some good terms, like 3% interest, interest only with a balloon in 7 years.

Find your own agent and have them pull comps. 

the BRRR method sure works great … although usually takes some liquid capital to pull off unless you have those sweat hart relationships that are EARNED over the years... 

If you don't want to reach out to them, I can pull the reports for you and email them to you. 

During the re-fi, the property appraised for $220,000, 30 year 4.5% fixed rate mortgage at 85% LTV i was able to pull out $37,000 which is approximately what i cost me out of pocket to purchase.

My criteria is simpleIs it a great deal - not just a decent deal for an investor, not a good deal, a Great dealCan I pull it off?

FYI, dear all; here is a market overview of 33139 (somewhat specific -targeting comps I was pulling for a good deal will be soon selling off market):https://www.dropbox.com/preview/Maggie%20KW/SELLERS%20-%20LISTINGS/800%20WEST%20AVE.%20%23335%3B%20MIAMI%20BEACH%2C%20FL.%2033139/800%20WEST%20AVE.%20%23335%3B%20MIAMI%20BEACH%2C%20FL.%2033139%20-%20NUMBERS/MarketSummary_800%20West%20Ave%20%23%20335%20Miami%20Beach%20FL%2033139.pdf?

Were the plans approved by the city of Chicago when permits were pulled?

It will be so much easier to pull off this strategy when they loosen up the rules.

Before you know it, you'll be testing the paint for lead, the water for arsenic, the air for mold spores, pulling up the subfloor to determine the radon seepage, raking the yard looking for poisonous snakes and camped out with a flashlight and a machete in the yard in the dead of night warding off the threat of a zombie apocalypse while they chat up your other tenants into a class action suit to address your "negligence."