My next comments are ONLY for tax purposes and may not align with how the waterfall works in the offering.Your syndicator may treat all distributions paid to you, up to your full capital balance and any allocated debt, as a return of capital for tax purposes.  

Hi everyone,This is my first time posting and I had a question regarding DSCR cash out refinancing:Are the DSCR loan amounts calculated strictly on the debt service ratio or does an appraisal come in to play? 

I would agree with Chris, I would not use debt to cover all costs and then hope to get a good pop on the sale to cover all the debt, payments and still have some in the end to make a profit to do it again.

Its not a set price per unit or building but rather a percentage of income to debt.

(I also had to come to CA for health reasons, so I am not sure if that is an exception)- If I use any of the above, can I use a portion of the money to pay off personal debt?

Right now my debt is sitting at around 154k (8k outstanding interest payments). 

Wanted to both reduce our debt load and also take profits off the table. 

Congrats - are you putting zero debt on the property? 

My client is looking for one to consolidate some current debt and to finance solar.

The didn't live within their means, accrued a lot of debt, and it eventually resulted in them not paying rent and being evicted.Consolidating debt reduces their payments so they have more money available, but it doesn't automatically teach them to live within their means.