I have taken biweekly when my tenants had cash flow issues.  

Purchase price: $410,000 Cash invested: $150,000 Sale price: $665,000 This asset was purchased along with a multifamily community as it was on the neighboring parcel.

You can get a cash out refinance with the new appraised value after three months of your last purchase and loan depending on the state (lenders are licensed state by state). 

Are you cash flowing the property?

Secondly, does the "cash for keys" apply in this case? 

Are you cash flowing the property?

They only get reversed when the bank attempts to cash it and discovers the account was closed or has insufficient funds.This is real easy.

It has been hard finding a place that 1) Doesn't get bid up by cash buyers that we can't compete with 2) Doesn't have 10's of thousands of capex out the gate3) Is in an area that I'd grade as C+ or better.

If I pay $70,000 above but can make $400,000 more in both cash flow and value appreciation it's a great deal.1. 

Is it worth the risk to purchase a property that will not cash flow immediately?