Lots of good equity you built and can get out of this and into a cash flowing market (like KC :) ) or do it again in your home state!

I feel like rates have to drop a lot to make a difference.

But the way I see it is that, in general, someone who is new to the business and is looking to break in and grow will have barriers that can likely drive them out of REI.If it were up to me, I would just let the market dictate the rents and it will find equilibrium on its own.

- I'd like to own some of these houses.  

.), it does look like there are some big ones in other parts of the state. 

@Timothy Boyd could you please share their info with me as well?

Does anyone have any experience doing something like this?

Lets discuss some bridge, fix and flip, ground up construction and DSCR loan scenarios for both purchase and refinance options .

If you are currently at say 80% LTV with the HML in place then you could do a rate and term for what are likely to be much more favorable rates than a cash out. 

Details2,819 SF, single family residence, 4 bedroom, 3 bath house, with a poolThe house is in a very desirable location.Market Value - $950,000Mortgage Balance - $226,137 (10 years left)Martgage Payment - $2,250/moInterest Rate – 3.5% Average Rental comps - $4,430/mo (looking at the comps I think it is above average)It certainly looks like it would cash flow, but that leaves buying a new house with a small downpayment and high interest rate.