Hi All, Quick back story: I was trying to cash out refinance my primary residence when unfortunately the appraisal unexpectedly came in too low for it to make sense. 

I think its slightly high and also unexpected.

For those too young or too sophisticated to remember early 90’s prank call tapes, that was the one where they call a lawyer seeking help for a motorcycle accident.

I found that line of REI by accident and now have jumped into it even further.

If covid taught us anything, its be prepared for the unexpected.

(and make sure to account for more closing costs on the refi)In summary, I would write down every single cost/expense (that you know of) including a budget for contingencies, so nothing is unexpected.

I was able to negotiate a better deal and, assuming my numbers are right, I will be able to get at least a 10% cash on cash return, after an amount for unexpected expenses.

Note this is the determination we were making and expecting to make prior to the new safe harbor, so it's not new or unexpected.(2) The proposed Rev Proc is just that, a proposed Rev Proc. 

A frozen gym membership was accidently unfrozen and I was sent to collections.

When you actually factor ALL of your closing costs for buying and selling, initial financing costs, your holding costs for fix up time and sell time, realtor/advertizing fees, and unexpected repair costs, you will be sitting somewhere between 12-18% of ARV on expenses.