Hello everyone I currently had some of my rental properties appraised as I’m looking into cash out refi…What thought process is usually taken into consideration to determine whether cash out refi is a good idea or not?

@Christopher LampFirst determine the purpose for the funds that were given to you.Was it a loan from a family member to you?

If you go this route just make sure you know how to determine what a deal is, when you find a deal and market it even for the briefest of time you will get more piranhas than you know what to do with. :) 

If the disability is not readily apparent, which is almost always the case with emotional support animals, then the Landlord has the right to determine if the applicant is disabled, as defined by ADA, and how the service animal assists them with that disability.

When determining the Section 121 gain exclusion, no gain allocation between business and nonbusiness use is required as long as both the residential and nonresidential portions are within the same dwelling unit.

This will help you determine what you might be looking at in cost.  

@Daniela R.Regardless of what your plans are for the home, you should consider the value of the home in as is condition and the “arv” once you do the laundry list of items you mentioned.If arv is more than purchase price + repairs, it’s not a big deal however is arv is less than purchase price + repairs, you would be upside down.If that is the case, your agent will be able to help you determine what homes sold for in like condition as well as better condition to help you determine how much the price needs to come down in order for you to make it worth your while.You mentioned you would save 30 mins in commute time if you lived here.

Tenant will pay a non-refundable deposit of $300 (or what ever you determine) on the day of lease signing.

Meeting other investors will greatly help you determine what strategy you are interested in pursuing.

@Matthew HorstmyerTo determine your eligibility, you need to call the lender you plan to work with.