We hope to one day have a portfolio of properties that could cash flow enough to allow for FI and be relatively passive.

My wife used to be a grant writer for her tribe here in SC. I

The current owner is shopping it around for 1.35m (7cap) and the proforma numbers are as followed: ANNUALIZED INCOMEActual MarketGross Potential Rent $191,639 Less: Vacancy ($5,749) Effective Gross Income $185,890 Less: Expenses ($91,497) Net Operating Income $94,393 Debt Service ($65,592) Net Cash Flow after Debt Service $28,801 Principal Reduction $17,403Total Return $46,204 ANNUALIZED EXPENSESActual MarketProperty Management Fee $9,582 Replacement Reserves $5,250 Building Insurance $6,712 Maintenance $12,560 Taxes - Real Estate $36,296 (37220 w/o exception)Utility - Electricity $2,453 Utility - Gas $12,369Utility - Water/Sewer $6,275 Total Expenses $91,497 Expenses Per RSF $8.39 Expenses Per Unit $4,357I did some additional digging and found that they offer Wi-Fi for the building (I talked to a rep and said providing service for a building that size should run 285 a month) and the trash was left off which runs about 285/month.

@Eric Schleif, yes the 2.5 points on the re-fi mortgage will increase my APR couple of decimal percent, however, the 2.5 points on the Hard Money loan take my APR from 10 to 20%.

@Erik RomzekI would personally run my non-occupied re-fi numbers at 70% LTV.

My staff and I (4 full time employees not independent contractors) manage all of our properties as a team so that you can always talk with someone during our office hours 9am-4pm M-F.  I

I close on my first actual home on April 4th at the base I will be going to in June in Charleston SC. I

I am a member of the Metrolina Reia that meets every last Thursday and I will definitely check out the Rock Hill meeting tomorrow since I live in Fort Mill, SC. I

I've found these questions to matter a lot when looking to do a cash out re-fi.

Hello, I am looking for a lender that will re-fi me at 80% LTV.