I also added 4 new basement windows that provide proper egress, rewired the basement and landscaped the yard. 

The below is the closing costs breakdown the lender has provided.

I would chat with a conventional lender about what max leverage they can provide on a refinance, I know with DSCR you will be right around max leverage for a cash out (75% LTV) and it would likely be break even.

Most hard money lenders will offer 8.75 - 10.00% on 5+ unit properties, depending on FICO, LTV, and Debt Service Coverage Ratio.

Aloha Mary,  if you need local tax assistance, Gorden from Tax Services of Hawaii is a great resource.   

The portion of your homeowner's insurance attributable to the rental unit can be deducted.Building a basement apartment can provide valuable tax deductions if you rent it out.

So know your own numbers and never depend on wholesalers to provide accurate repair costs or ARVs. 

The community is supportive and provides deeper insights on those ‘brain racking’ questions about MTR that you just can’t find anywhere else. 

My understanding in Maryland the seller provides the buyer with a copy of the COA papers at least 21 days prior to settlement and you have up to 7 days to review and pull out of the contract if you don't agree to the terms.  

Each of these markets provide healthy appreciation and cash flow, TX will be more challenging to cash flow bc of the taxes but there's much more appreciation there.