But you will have trouble if there was an addendum prepared, they refused to sign and you closed anyway.

@Ramon E Alvarez tracking this for a slightly different angle I think this is troubling for similar reasons that the current environment in this country is troubling—data is being shared and pooled and sold just like this rich now in the name of selling you things.

It sounds like in your experience, creating meaningful relationships comes from producing at a high level, through both hard work and quality work.I hadn't considered that as you grow your wealth and business, some of the people around you might feel alienated and defensive.

They're based on the property's ability to produce income and your credit. 

We are getting a great deal (buying from a family member) so it will be income producing and we already have other multifamily to qualify as experienced. 

So I'd much rather use the equity as leverage and get into other cash-producing assets.All that said, it is a best practice to bank locally for these things.

However, the Cashflow produced by a handful of properties is enough to cover that expense on an annualized basis.My goal is a cash out refi to source the funds, keeping the Cashflow as further reserves. 

What does cash flow look like if it were to be used as an income-producing property vs. an owner-occupied property- how would maintenance, taxes, and insurance cost change with each different scenario? 

Unless the things a 63' vette probably not worth the trouble of titling and fixing it up.

@Jesse Stein @Allen McGlashing you guys should be setting your standards much higher...even top producing investment real estate agents should be responding quickly (within 1-2 hours)...and you should have a system setup for offers...they should go out within an hour or two of your request.Stop working with agents that work at big brokerages like Keller Williams or HER...I know there is a bunch of these good ol' boy brokerages out there, but they are tools of the residential industry...not investment specialist for local markets...find a small local firm and start interviewing agents