(I admit the selling costs might tip this slightly if it's a close call.).* Your max LTV on cash-out will be 75% of value, and "value" will be at the mercy of an appraiser.

Strategy, risk level, job/income security, spouse, # of kids, tax situation, age, location, flexibility and so many more.

If anyone has familiarity with that market or tips I am all ears!

Families with children can be appealing, but kids can be hard on a property.

Based on this goal, I was trying to understand the 2% rule.Thanks for the excellent tips.

This is a SF residence that rents for 1750 a month and everything on outsourced screening checked out with flying colors, so there was absolutely nothing about either of these two that tipped off that they would be difficult.

Who says you have to leave it all to the kids.

I've been studying REI in one way or another since '05 - ready to actually apply the knowledge now and grow my business.In the last couple of years, I've also come to the realization with my marriage, the birth of one kid, and another soon on the way, that this whole "life" experience will end someday and I'd like to enjoy it as much as possible with my growing family.

However, if I tell them I just need a quote for analysis and wholesaling it to a rehabber, they would have no incentive to quote the project.Any tips or suggestions?

@Ibrahim S thanks for your insights about Newark and other areas and also the tip "What you DON'T want to do is to go into a rental area with a 'rehab to flip to a retail buyer' strategy".