Good income producing property.

I own about 16 rental properties. 

And what did the property appraise for currently?

The properties also have appreciated very well, and we currently sit at about 55%. debt to equity ratio.

This morning I went to wire in funds for my clients to buy a property in SC.And because it was an assignment contract to ME as the buyer..

Purchase price: $60,000 Cash invested: $80,000 Sale price: $209,000 Im not good at this type of stuff, but a brief desciption of the property and what we did.

Quote from @Landon Lehmann: If you cash out equity in a property, you are "borrowing" that money from the lender.

I noticed that a lot of insurance companies are starting to drop multi-family are home in Texas What's some good commercial insurance for rental properties that will take on the state of Texas

If I purchase a property with cash, can I still obtain a mortgage later?

Find a neighborhood you like, find a house you like, buy it, and hold it.Focus on learning to analyze individual properties.