They pulled the search on July 17th.

They look at the zipcode for locational parameters, which back fired on this property because we were on the west end of a zipcode and values typically go down heading east (and there was a freeway dividing east and west in that zipcode), so we were "pulled down" by "comps" east of that freeway.

Once the tenants start turning over, I plan to update their bathrooms and pull them out of 1958 and into the 21st century which should definitely add some value to the building. 

I have the same questions as you and am wondering if I should pull out.

they pull at every emotional heart string.. you deserve this .. this is so simple do you have what it takes.. your financial freedom number.. like being self employed is something everyone wants. some do fine other fail.. and these are just training programs they don't guarantee success.. just like watching BP pod cast or reading blogs or talking on this site hardly guarantees your success.. real estate is hard.. it takes drive money and dedication .

I will wait 18months to refi then pull all my money out.

For me, your current best case scenario is pulling down $200 a month, which if the deal were financed with a traditional 20% down, and 90% occupancy long term, would provide a 6% cap rate.  ($200X12)X.09) / 36K

The loans I get are all commercial, with a personal guarantee.One benefit here is a single credit pull / application.

Real Estate Newbie here so please be gentle...

It’s ok if the buyer has an ITIN Number we can still pull credit just like a SSN.  20% is a great down payment, we can discuss terms of the loan.