I've been couch surfing (read: bumming) the last year when I am back in the states, and I am incredibly grateful to my kind friends and family, but I can't tell you how old this is getting for all involved.So I decided to settle a bit for now, and find a reasonable home to live in that allows me to easily cover the mortgage, and at the same time continue to save more, and look for another property to buy and hold.

I am hoping some others from the area would chime in and discuss a bit on what kind of returns they have been reasonably searching for in SFR holds in the Rio Rancho area.

My whole dilemma is why should I put 100k into remodeling this property when I could easily just sell it quick for 150-175k and be on my way to other investments?

If you took cash out you could increase returns.

Once he has supplied those, ask for the part of his IRS tax return that deals with this property.

If you do not have that kind of cash then you can find a friend/relative/ private investor looking to make a higher return on their money then the stock market is offering.

I know the cash-on-cash return I need to make a property worth it and have become familiar with the local area over the past year. 

Those that are willing to lend a hand without asking for anything in return and the other half.

Unless you can find a means to get a guaranteed higher rate of return of your money, I think that is a wise move. 

So to calculate the Cash on Cash return after the refinance, what do i use for my Total Cash Invested?