That will tap out my liquid assets but I see a lot of potential for buy/rent/hold in this neighborhood.Hard money lenders seem like a sucker's game but I don't have experience in that world and would appreciate input.

Hello,My sister in law is currently under contract for a house in Aurora Colorado on Hanover St near E Colfax.

I would never BRRRR with OPM without having some liquidity available for surprises. 

If you run into a slow or lazy closer, you could be impacted on timing of closing which could risk a rate lock expiration.

Typical loan terms are 1:1 net worth to loan balance and 10% of the loan balance in liquid assets.  

Try and have them bid " apples for apples".1- Windows   , Vinyl, Low E.2- Six panel doors and no jambs but new trim.3- two tone paint, these two colors.4- New bathroom vanity, toilet, and remove old tile with new tile. 12' X 24".Etc , etc.Brent is smart and great article, I am just adding my point of view from a seasoned  Re- hab contractor!               

This question has been asked and answered literally 100’s of times. 95-99% of time ti,e it’s a bad idea in the opinion of those that don’t think they are always a bad idea. 

It's a long story but the tenant is demanding the right to purchase for $350,000 even though the two-year period expired and the house is worth $600,000.

As far as, what will happen when those things expire.

@Jordon Milford only benefit from cash out refinance vs conventional is you dont have to dip into your savings or other liquidity.