I will keep this in mind.

I buy the 5 year warranty on all my appliances now and Lowes told me that if I keep the receipt and don’t use the warranty after 5 years I can call and get a partial refund on the price.

I am certainly open to the idea so I will keep that in mind and run it past the seller."

He is a one man show so I get it however he keeps picking up other jobs during my flips.

To keep things simple let's value the building on a 1% basis.

I'd keep that in place.You should account for it even if your doing the work.You should also have cash reserves in case the estimated numbers are off.

Is it feasible to get $96,000 in cash eventually from the second cash-out refinance in this way and keep expanding wealth in this way?

To keep the home loan people from getting confused, you will want to NOT report the rental income/expenses on your personal tax returns Schedule E, instead have the LLC do an S-Corp election, and report the income/expenses there (after confirming the truthiness of all this with your tax professional, of course).

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

From a servicing and reporting perspective - if the lender does not report to credit and they REQUIRE an LLC to fund, then the parent servicing entity most likely will keep your business/investment loans separate from personal credit.