Bro, if you just add a 4 story addition and rent half of it as an air BNB and the other as a LTR you'll be able to cash flow for surePurchase price: 120kRehab: $500ARV: $7.4M

Here in OK, investment in general has really picked up, including an influx of cash end buyers.

If anyone out there is looking for trusted trades in HVAC, Electrical, Roofing, Foundatio, Framing, Painting, Drywall, Cleaners, Junk Removal, etc., let me know.

This led me to refinance my 3 property portfolio to pull some cash out in order to buy 2 more.

Will banks have any issues doing a cash out refi on deal like this assuming i meet all the other qualifications such as credit score and DTI.

That can happen if you buy a home that needs a little TLC or renovations and after the upgrade the new ARV might put you at that 85% LTV or lower, possibly even be able to take cash out.As a first time home owner you can use FHA 3.5% down or Fannie Mae 3% down (single family).

I use to be sold on the Umbrella policy but then you have to up all your insurance premiums to meet the Umbrella policy which kills your cash flow. 

Is there anything else I can do other than buying cash? 

You can put you funds into assets that are positive cash flowing.B) Personally, I do not like holding assets that negative cashflow.

one thing that always worries me about those deals.. is the lender can at their sole discretion stop funding the project and make the owners cash them out .. so there is that risk too..