People are willing to pay the high interest rate because they expect to pay off the loan quickly.If you own the home outright, you would go to a traditional bank to cash out the equity.

Purchase price: $9,273,500 Cash invested: $1,854,700 https://marinadelrioresidences.com

Plus, you get a steady flow of cash from the buyer's payments, which can be super handy, especially if you're retired and looking for a consistent income stream.

Due to interest rates and overall market conditions, sourcing SHF or small multifamily LTRs that cash flow is still challenging unless you're putting down a significant amount or finding deals off-market.Nevertheless, my team and I still have an extensive network of investors focusing on SFH deals and small multifamily acquisitions. 

Short of buying a property in cash and having it managed at a distance with a professional property manager, I think you'll find that the hassles and headaches of "traditional" IRA real estate investing just isn't worth it.

I was wondering if I am in this situation again, can I pay cash (I have the liquidity) and then refinance after closing?

My 5-year goal is to own as many multifamily properties as I can, ideally each of them cash flow.

My goals are to get my RE license and put in 10 offers to BRRRR and begin the cash-flow adventure.

This may affect your ability to hit a desired cap rate or monthly cash flow. 

If the cash flow of this property could get me beyond what is needed for my cost of living, my current W2 may not be a requirement, and I could make use of my Realtor's license in Indianapolis instead.