The equity and debt market can make sense especially in times of high rates.

Hueytown (35023) and Pleasant Grove (35127)This area benefits from the growth and stable employment provided by the nearby Mercedes plant.

@Sarah Stamper Asset based lending is not an option at this point in time because of the uncertainty of what will happen to the value of the asset during the pullback we are having.

It's your job to weed them out through your marketing.I recommend all beginners get their first deal through the cheapest means possible, by putting in time and effort.

Depending on your situation, taking care of the property and the tenants can be a 24/7 job—and one that's not always pleasant.

It is hard for appraisers to find comps for house and cottage (ADU) properties sometimes so they will need to go farther back in time to find similar comps, which will be when the market was at a peak. 

I think the more intimate nature of a house hack might require a more intimate interview process.  

Account Closed you've received some good comments here and hopefully it gives you a little better idea of where you should go in this process.Since the refinance would put you negative $850 cash flow a month it is best not to do it at this point in time unless the property you are buying will cash flow more than $1,000 a month.As many have stated the best option would be to sell the property, either buy additional out of state properties that cash flow or buy something else here in the Los Angeles area that will see significant appreciation over the next few years.As you know it's very difficult to cash flow here in Southern California so most of my clients buy here for appreciation and out of state for cash flow.  

Feel free to reach out at any point in time with any questions.https://www.biggerpockets.com/users/ZacharyCole/referenceshttps://www.biggerpockets.com/forums/92/topics/765347-rent-to-retirement-reviewhttps://www.biggerpockets.com/forums/44/topics/1058814-first-time-with-new-construction-cape-coral-fl?

I may contact you off the thread, though, since there are others involved here, I don't want to get too specific on a forum@Ian Walsh Thanks -I'll keep you in mind, however, at this point in time, I believe we are all wanting to wrap up the deal, rather than hand it over.