Please go to my FB and see how beautiful it turned out.My wife and I will close on our second planned flip by mid December 2020, a couple weeks before closing on the first.

@Angela Yan the beauty of a cash-out refi, is not having to pay income tax on it.

This is likely caused by the satisfaction of seeing a before-and-after reveal as a house goes from uninhabitable to beautiful in a half hour (on the screen only, of course).

Originally posted by @John Underwood: I have NEVER had any increased cleaning fees from a pet. interesting, would have thought with all the hair there would be more.

This is a beautiful 2 bed 1.5 bath condo, mostly renovated in GREAT condition but we don’t have enough equity that it would make sense for us to sell with an agent so we currently listed as FSBO.With COVID-19, I am worried about losing jobs and housing market crash, with the rent moratorium in our state, we would probably go under if someone couldn’t pay the rent.... everything is unpredictable and so...

The problem always seems to be the other person, and that problem is as old as Adam.When I, an agent, bought my first house to flip I paid $62,500 to purchase the cat house and I was peeved to find that within the last year the house next door (by then a beautiful home) was double-closed. 

My wife and I are recently in the process of purchasing my grandfather's house on the lake (in a cove in a beautiful location) in Ten Mile, TN (30-35 min from Knoxville, TN) and we are getting it on a refinance through a lender because I am a partial owner of the property per my grandfather's will.

So at the end of the day, we have a fully rehabbed, beautiful home, in a great neighborhood, that we have no money down to live in (except mortgage).

That's the beauty of combining.But you're right it does still leave a healthy reinvestment target needed to defer only $100K of cap gain and $70K of depreciation recap. 

Time is a beautiful thing!