Typically you are hard capped at 75% LTV on a cash out refi. 

@Ashley Guerra - I live and invest outside of Philadelphia, so I can't comment on your specific markets in central and south Jersey, but can provide my perspective on things to think about to help your decision.1) I would consider speaking to 3-5 people/investors in each market you are considering (central and south Jersey) to listen to their thoughts on pros/cons of the area and how they invest.

Base on the information you provided I feel in Canada you are most likely experiencing the same.  

How much skin in the game is the borrower providing?

Our goal is to provide you with a cash-flowing, hands-off investment experience, so you can enjoy the benefits of your investment without the hassle of day-to-day management.I’d be happy to offer advice and answer any questions you might have. 

You can still find deals here that has cash flow, meet the 1% rule, and has a ton of appreciation potential at a cheap price point - $120k-$180k.

At this stage in my investing career I don't buy things that don't cash flow, so if the fixer upper is going to bleed cash until it's fixed, I wouldn't invest in it. 

If you're looking for cash flow, find a market with strong rental demand and high yields.

I have no issues, but I didn't need to provide so much information, even for a conventional loan. 

Check out Zillow hottest housing market of 2024: https://www.axios.com/2024/01/10/zillow-ranking-hottest-real…Cleveland is a great market to focus on for cash flow.