A house listing I was looking at said "This sale will require 45 days re probate attorney."

Now if you’re a fund manager for a RE portfolio that’d be different.I️ wouldn’t leave your degree program.

However, there is talk that this area could re-develop in the near future.

I have a stable job, I could be re-assigned out of state in the next couple of years, but if I don't I have no problem living here long-term.

Currently I am a new RE broker for Maryland however, been in real estate for 16 years.

I guess my KS mind is blown - there are very little if any appreciation plays here - much less making 6 figures.I'd have to be even more worried you're making that sort of a gain on a town home that the bottom is due to fall out of the RE market again.

If so, how long will she have to wait before a cash out re-fi?

Here are the numbers I've calculated  based on 80% refi of all 3 properties, at 30 years, at 5.25%:Item                              Current                 Post-RefiCash available         $        0                   $300,000 +/- Cash Flow/Year       $   65,000              $  52,000 +/- Re-invest $300k from Cash out as 20% DP on more properties (there's an even better way than this too)& using the same ratios of ARV to NCF, you could increase your NCF an added:  $78,000/year; to $ 130,000/yearYou are sitting on a Gold Mine here, and you're thinking like a "homeowner"...not an investor...although you're not alone.Your Options:  Limited by the maximum Cash Flow from existing properties after complete payoff Max CF/Year                                                                                    =  $   95kCost to do this (pay off all mortgages using your cash)          =  $  456kNet result                                                                                        = - $ 361K  (that's a loss)REFI ALL Option:  Limited by ???????                                                                                                             

It was not purchased to be a good RE investment property.  

I've been reading BiggerPockets for about 2 months and felt its time to make myself available to regional, national and international RE investors.