Its all mental.

I don't get the seller's mentality .  

Do a mental exercise and add that $200 negative to your new mortgage payment  of the refi and see what the cost of that money really is.

(Philadelphia area).The thing is I am not experienced in rehab and do not have the mental/physical/emotional bandwidth to do any major rehabs.

I think the fear of a crash is a legitimate one, and for that reason, even more than normal, I prioritize cash flow over appreciation and don’t look to over leverage myself.

I prioritized closing my first apartment deal over shopping for a competitive rate and, honestly, I had no idea what kind of coverage I needed. 

This structure incentivizes you to maximize performance and aligns your interests with that of your investor, while prioritizing the cash flow to meet your investors expectations.

I have run into a mental block...I think what may be happening is I am getting a HELOC and a cash-out refinance confused..let's say property #1 was bought for 55k via traditional 30-year ARM (primary residence) the home is then lived in, rehabbed, let's say that takes a year or so, property is appraised at 90k, a couple banks details on their websites state that they offer 65-75% LTV for cash-out refi of primary residence...says nothing about how much you owe on it, but then when I look at the details of the HELOC it's 90,000(home's value)X .9  -MINUS- amount owed on mortgage.

I was at my limit of what I could do mentally and I have no (well okay just a little) regrets on waiting until now.   

Don’t fall for the get rich quick mentality, the “gurus” and social media “ballers” make it look a lot easier than it really is.