I have saved up a very nice safety net for repairs which is at about 7.5kMy RE agent buddy did a comp for me last week as I was thinking about refinancing and getting some equity out for a new investment and it came in at around 90-100k.However with a cash out refi I can only go up to 75% of ARV..so after all is said and done the payment would drop to around 510 on a new 30 yr and all the cost of business would eat up most of my cash out leaving me with a little under 5k......ugggh I feel like that 30k of equity is just trapped and don't know what to do.I still need one more year of landlord experience to move on to bigger abd better things, so selling this year seems out of the question.Do I just leave well enough alone for the moment?

Then say you wanted to make an offer but needed to understand this LLC thing in order to do so.And no I haven't seen that but I was more focused on the "hung up on me part" haha I'd make the offer just so she had to eat crow when I'm sitting at closing purchasing with my LLC

I am green and know this.I like the advice on checking changed spellings--I also noticed 2 single women buyers --got married during years of living in the property.

Still haven't decided if I am going to use property management or not as that eats in to my profits quite a bit.

Just watch out for high taxes, maintenance, vacancy that could really eat into that cashflow.P.S.

Just bear in mind your Realtor fee is going to eat 6% of the final sale price.Mortgage Rate 5.00%Length of Mortgage in years 30Monthly Mortgage payment $386.51 Taxes $108.33 Sewer and Water $- tenantTrash $- tenantHeat/Utilities $- tenantHOA $145.00 Cap Ex and Ops $150.00 (this could be argued that it will be less, maybe $100/month because it is a condo)Insurance $75.00 (i made this up)Mgmt Fee $95.00 Vacancy $76.00 Total Expenses $1,035.84Total Revenue $950.00 Cashflow/month $(85.84)Cash on Cash Return-4.38% 

They know it has a kitchen so maybe say- eat in kitchen plus separate dining area.   

If nothing else, ask them to eat 1/2 of the septic cost.

Yes, those are yellow walls that you see in the background:and green in the bedroom.  

I believe anyone looking for a career as an agent should start out part time.The failure rate is high, things move slowly at 1st & you will need to eat as well as invest in marketing.