If I understood this correctly while one can avail free cash during a cash out refinance it can put one in a precarious situation as it also increases ones principal loan amount and if anytime in the near future the property value depreciates for any unknown reason one owes a higher loan amount on an undervalued property.right?

When me personally and my work was unknown by others i never got any comments good or bad.  

I only contest property taxes that I feel are unfair, if it's market rate, I just pay it.Now, in the email he did link me a similar house (unknown if it was a listing on their page) in the same area that showed actual property taxes being paid around that amount, I guess to prove to me that people in the area are actually paying this tax rate.

Because anytime something does not go glamours he is afraid not to be able to provide for his familyI also have another friend (chiropractor) that tried real estate (fortunately on the side ) and realized it was actually too much unknowns and was not himthese 3 examples tell me that you need to stick to your legacy career till you cash flow as much as you need... obviously it will take many hours/week 

It is unknown when I will move, but I have already began looking.Again, appreciate you reaching out, and I hope to continue talking.

your first property is the scariest.. but the second isn't that scary.. after 3, it just turns into fun because the unknowns get minimized.    

The key is to find a contractor that will not nickel and dime during the projects when changes and unknowns arise. 

Jon,If there is no damage to the tenant...i.e.no forceful eviction or unknown auction date that causes damage to the tenant...and the lease agreement discloses that a short sale is being negotiated...and the lease agreement is short term...either 3 months, or month to month...how is the situation different then any other lease?

If you're on commission, it might be more difficult, due to the unknown each month.

I saw it being between 6% and 11% for larger apartments and about 8% for packaged SFRs (5+).Even if I change CAP to 8% my asking price would only go to $88K.The general property condition is a big unknown at this point - I have not received the answer to that question yet.Cash on cash is less important for me because I can easily change it one way or another: pay 100% cash and my cash on cash is the same as CAP; finance 100% and cash on cash is thecnically infinite :-)