If paying cash you can only refi for purchase price not cost of repairs too from what I understand.

I don’t get calls for repairs and I know my investments are with experienced professionals.

What advice besides partnering can you give someone who is trying to get into real estate if they have capital to buy a property(in Bmore) but need the repair amount? 

I had one like this that ended up owing me $1500 by the time I did repairs and such.

You can snatch a foreclosure 3 Bedroom for 50k or less (I’ve gotten 2 in the last 2 years for approx 35 with repairs , equity of 35 ) and rent for $850 or more , sometimes guaranteed with HUD.

It seems that they buy houses, do shoddy repairs, and then try to sell them. 

I did my analysis two ways with taking out cap ex, repairs, management, & vacancy and this link I put up without.

Currently, we are negotiating some minor repairs to the property and ending due diligence.

Here are the numbers,Purchase Price: $165,000 as-isFinanced: $123,750 (25% down, couldn't put any less down with a conventional lender)Mortgage Rate: 5.25% (no points); 5.35% APR -rates are on the rise it seems.Estimated closing costs: $4,500Initial cash invested: $46,310Gross Rent: $1,725 ($875/$850)Operating Expenses: $815 (includes mgmt fees @ 10% & capex of $275/mo)Cash flow: $140.77Principal reduction: $142Cash-on-cash: 3.65%Total ROI: 7.4%Possible near future repairs: Roof (Estimated at $4,000); windows (Estimated at $5,000). 

I can pay off my first rental property (condo)for $50K and enjoy a cash flow of around $515 per month or $6180 per year which is around 12% ROI assuming 100% occupancy and zero repairs (which has been almost true for the past 9 years) Or, I could use the $50K on a down payment on a new property.