@Steve Podwojski Going from a multi-member LLC to a single-member LLC does not spark an audit in and of itself as long as you treat it for tax purposes within the framework of Revenue Ruling 99-6, which is the IRS' guidance for this very situation.Are you buying out the other members for cash? 

I am not ruling out people that are located out of Wisconsin also! 

@Tom SmithLooking at it from the 1% rule, buying RE for $100k and get $1000 a month in rent?

In the absence of proof, the judge will rule in your favor. 

I believe that your best bet would be to either 1) find an off/on market property that already meets the 1% rule which will be very hard especially in that area in today's market or 2) find a fixer upper and buy it cheap and force that appreciation.

Federal rules require a lender/servicer to consider a borrower for a loan mod if there is enough time to consider one, if the lender offers loan mods.

Using the basic 70% rule (70% of ARV, minus repairs (and closing)) I come to a max offer of $145,200.

They have all kinds of anti contractor rules (just kidding of course) about trailers blocking the road and stuff.

Just curious to see what other people are typically seeing number wise or if there is a general rule of thumb to how much is worthwhile after cash out refi.

Some banks may want a full year because of their overlays (bank-specific rules).