But the payment never cleared somehow and the booking was then stopped by airbnb but they already checked in.

We cash flow fine with a right size loan. 

No experience, no cash, so why are you doing this?

Recently, I had the opportunity to cash out a portion of my 401(k), leaving me with $20,000 burning a hole in my pocket.

I might look into financing options for the property and utilize the HELOC for the down payment.

I read under the new law that "Any person with a right to redeem the property may do so at any time prior to the entry of final judgment in the proposed action, either by payment to the tax collecting official as provided by law before an action is commenced, or by filing a timely answer or motion in the court after an action has been commenced." 4.

FHA loans will allow lower credit scores, however the minimum down payment would increase from 3.5%. 

My out-of-state clients love it here because they are able to purchase deals that are cash flowing, hits the 1% rule, and has lots of appreciation potential.

Hey everyone, I’m a real estate investor looking to do a cash out refinance on a portion of my rental portfolio.

Also remember that Real estate is a long-term play so even if the cash flow isn't a "home run" right now you can refi later and hopefully even pull out some equity you can put down on another one, bringing you closer to financial freedom.Thanks for reading BP!