The impact on the cash flow is minor and we have no risk of refinancing issues.7: This only works this well in our super low interest rate environment and the appraisal meeting these specs (5-5.5 Cap)8: The funds are returned as a LOAN not income- and if we do it right- the investor rolls into the next one.9: Note- our model is a 30/70  We get 30% of the project putting it all together- the other 70% is what is invested.  

Specifics:Chicago far west suburbsCurrent appraisal: $175KCurrent mortgage: $90kCredit score:800+Liquid cash on hand: $75KPersonal DTI:<20%Total DTI not including rental income:<30%I would think this is a home run.

My recommendation is to ask your realtor or bank for a similar appraisal report or 2 from a comp, or even a local home.

This includes a guaranteed interest rate reduction as well as a guaranteed reduction in the monthly payment.Benefits that set the Refi Now and Refi Possible programs apart from traditional refinance loans include that you:Will get a reduction of at least 0.50 percentage points in your interest rate Will see a reduction of at least $50 in your monthly mortgage payment Will get a maximum $500 lender credit applied towards an appraisal if you don’t qualify for an appraisal waiver (Fannie Mae will provide a $500 credit to the lenders when the loan is sold to the GSE) Won’t have to pay the 0.50 percentage point Adverse Market Fee if your loan balance is $300,000 or lower More from Money:Want to Refinance Your Mortgage This Month?

The appraisal came back at $134,000.

Long story but I owe $460k on my current house hack which is appraised at $700k.

Local relationships are good, but conventional lenders have the same line of products...the creative lenders will have a very different portfolio of products...the product you need may not be offered by local lenders in your area.Lenders have zero influence on the deal itself outside of what an independent appraiser/inspector relays to them...local knowledge of markets is not in play at all.

For an investor the appraised cost would be $140K for the duplex or $80K per side if I wanted to go that route.1.

Right now i am awaiting the appraisal, i will update with my results. 

Here's a simple example (because I'm a visual learner lol):Assumed ARV = $115,000Purchase Price + Cost = $45,000Rehab Costs = $35,000All In Costs (total above) = $80,000 financed fully by a HMLBut then the appraisal comes back at $100,000 and you're only able to obtain an 75% LTV, meaning you'll only cash out $75,000.