My proposition was to tie up the property under contract for 30 days with an agreed price that they were asking, market the property to find a buyer that would pay a little more, assign my interest to that buyer, and everyone would walk away happy.

Take the purchase price minus the down payment and calculate that remaining balance on a mortg calculator.  

Remain visible in your local community. 4.

Lets say you have a 100k ARV house, you can take it for the remaining 65k mortgage, and it needs 35k worth of rehab. 

Its about what remains after the hair is cleaned (dander).

Then I have 21k tied up in cars.  

On the 2nd bath addition did you tie into the existing stack or did you have to run a new stack from the basement and reconnect the existing bath to the stack?   

It remained me of a quote by some one else that Linval T listed today.  

In a perfect world I assume your doing it this way in the hope that your property is going to appraise high enough that you end up with zero cash tied up in it.While we have had many clients do cash out refinances on properties, I don't see you buying anything out of state were you are able to buy low enough then have it appraise high enough to end up with zero cash in the property.

Reason: fannie mae charges much more points for 5/1 non-owner so the rate difference doesn't remain the same.IS that right?