My initial thought is the best case scenario would be to cash out refinance my current home (i'm estimating $30,000 in equity) and buy another house to do a live in flip so I can rent my current house and use the cash to put towards another house.

My wife and I own our own home and have for about 6 years, where we've now 10x our initial investment and with listening to the BP podcast, I think we'll be ready to buy our first investment property.

But one of my rentals I have owned for 9 years, not including the several month initial rehab, has been vacant a total of 3 months over 9 years, which equates to 2.8% vacancy rate.  

My initial thoughts would be that adding $23k in value is not enough to justify a refinance.

Please do your due diligence after being contacted by either company with the initials N W. 

We are contemplating hiring Evolve for only 3 months to help us with the initial startup phase (housekeeper and maintenance contacts, setting up the rental description, photos, initial rates, etc etc) until we get our feet wet.

Its under the SIP Special Initiative Program.I have a few questions:1) Once the program ends, am I able to pick up the rent to whatever the market rates are at the time?

The seller had initially posted the home for $380,000, after falling out of contract with another buyer they lowered the price to $350,000.

I have not personally worked with them but in my initial discussions with them I had a great experience with Park National Bank in downtown Newark OH. 

We are contemplating hiring Evolve for only 3 months to help us with the initial startup phase (housekeeper and maintenance contacts, setting up the rental description, photos, initial rates, etc etc) until we get our feet wet.