For you, thus means you will have a little more skin in tbe game.  

This savings could translate into a higher return on your time since if you paid back your 49,200 and only have 20k left @12% interest lets say your month cost to hold the property is not substantially less in the absence of obscene closing costs or points.Option B:This may be an investors dream cash back 45k in your hands and a property with no skin in the game "infinite return," assuming you still cash flow with 120k of leverage on the property.A tenant would be paying your mortgage, taxes, insurance, and etc while you've retained the property, received 45k non taxable proceeds from the refinance since the asset has not been sold, and potentially making some income each month if the numbers work.120k @30 year fixed 5.625% is only about 690.79 per month and taxes and insurance I'd wager (depending on state) is probably 130 more.

To find them, place your pointer over the word "Learn" on the blue bar at the top of this page - when the menu drops down, select "Podcast" at the bottom of the list, then listen and learn!

PM me and I'll be happy to refer to you my candidates once I have them selected based on experience, volume, and customer service.

Practice your numbers on potential deals on the spreadsheets that are provided, it's a numbers game.

If you feel a "local" will purchase the house, I would advertise it as soon as possible and let the buyer select the colors.

Underwriting assumes that you will sell the NOO or the vacation home before you would sell your primary residence in a time of desperation, thus the need for more "skin in the game"

Tenancy gives you no right to make repairs.That owner already has a liability with you and your "team" in there doing work.If permits are required, you may be doing unpermitted work, the owner may suffer for that.You can't get permits in the name of an owner unless you're a contractor.Spend the money you have for repairs on an attorney, buy it, do a few less repairs and be more selective in what you do.

@Joshua Dorkin will do.In another thread, I tried it earlier and after I selected the user, I got `@user undefined` in the textarea.

End-game possibilities to (a) put on the market to sell after 4 months refurb – could be worth $575K ARV and if sold quickly yield me a 30%+ cash on cash return, or (b) if soft buyer’s market then put out to rent, with projected 9% cap rate.My main questions:If I put in 90% of equity, what % of profits would be competitive?