I plan on getting rid of/painting over all of the brown wood paneling in this house, replacing all of the flooring, rebuilding that small deck off the master bedroom, some minor landscaping, replace the garage and front doors, replace exterior door under deck, replace all light fixtures, update the kitchen (keep cabinets and paint them white with new pulls), paint the outside and add siding to the right side and back of the house (front and other side has siding already), change out bathroom sinks and countertops, paint all the cabinets in each bathroom, perhaps install walk in shower in big bathroom that has the tub.I plan on keeping the marble flooring in the entry way and try not to replace any windows.

So how could you pull any of your cash out?

I assume there were permits for the build, did your guy have you pull them or did he pull them under his company name? 

Now everybody and their mother's cat is doing it so we might want to look into storage and notes but also groom and nurture our network of private investors and such.We have lost touch with nature.

That would not only void your opportunity to actually do a 1031, it would also create an immediate taxable event.Certainly a refinance where you pull cash out is no problem. 

Getting a property at a discount, adding value through renovation, getting tenants and showing the bank a "seasoning period" then pulling your money out via refinancing allows you to get back potentially all if not a profit from that deal, and go find another one. 

SOMETIMES, pre-foreclosures can have some equity, but not very often...... you could always refer the short sale leads to your go-to Realtor (I can refer you to someone if you don't have one...) and hope they reciprocate by pulling comps for you or sending you deals (not too many of those in Portsmouth, though!).

As much as the people in your list above are essential, what is more essential are individuals who are currently doing the type of investing you want to do.Putting these people on your team first as mentors will help you put your best foot forward when you pull the trigger on the first investment.These mentors can also give you advice on the best contractors to use, agents to use, and CPAs/Tax Advisors.

Has a natural gas fireplace, own washer/dryer, all appliances in kitchen except dishwasher.3.

) $9,660.00 Yearly Net Income $17,940.00 Mortage $15,336.00 Yearly Cash flow $2,604.00 Cap Rate 7.10%  The investor is using a BRRRR investment strategies and will be able to pull out most of the cash from this project.