These are the remaining steps I have in order1.Initiate the quit claim paperwork and submit to county2.Set up a bank account (should it be done before the quit claim or it does not matter?)

Initial investments will be flips, but the group is also interested in getting into rentals in the future. 

You could also do a cash out refinance for the initial cash do the renovations and then do another cash out refinance after the renovations for the new ARV.In some cases investors do (2) cash out refinances - one to take enough for the renovations and then next for the new ARV and to pull out more cash for the next project at the higher ARV/LTV. 

The Discount: After the initial no call no show I wrote a pretty terrible review about them on google.

The thought initially was so we could get an FHA loan on one, as my wife and I do not want to move into a multifamily.

I’ve had it happen where the Bank was satisfied with having a lesser amount of phase 2 testing done than the environmental company initially proposed.

Initial numbers are 21% CoC ROI.

Monthly Income:      Monthly Expenses:       Monthly Cash Flow:      Pro Forma Cap Rate:$1,550.00                     $2,248.06                       -$698.06                            2.35%     NOI                   Total Cash Needed      Cash on Cash ROI            Purchase Cap Rate$8,124.00                     $20,349.00                      -41.17%                            2.35%======Financial Projections========     Total Initial Equity: -$334,650.00     Gross Rent Multiplier: 18.55      Income-Expense Ratio (2% Rule): 0.44%     Typical Cap Rate: 2.35%      Debt Coverage Ratio: 0.49     ARV based on Cap Rate: $345,000.00=======50% Rule Cash Flow Estimates=======     Total Monthly Income: $1,550.00     x50% for Expenses: $775.00     Monthly Payment/Interest Payment: $1,375.06     Total Monthly Cash Flow using 50% Rule: -$600.06========Analysis Over Time==========Annual Growth Assumptions    3%                   2%                3.4%Expenses         Income       Property Value_______________________________________                                        Year 5Total Annual Income        $20,536Total Annual Expenses      $28,645Total Annual Cashflow      -$8,109Cash on Cash ROI             -39.85%Property Value                 $407,776Equity                              $111,347Loan Balance                   $296,429Total Profit if Sold            $49,939Annualized Total Return       28%

Is a deal typically not worth doing if you can't get an appraisal / refinancing goal to completely pay back your out of pocket cash and initial loan?

Im not going to beat myself up about it, I give myself credit for at least  taking the leap.these are the numbers19k for initial purchase10k on new roof and patiosmaybe 6k inside with laborarv 65-70kim torn between holding or flipping...we are about 85% done I've owned about 6 months