Purchase price: $270,000 Cash invested: $20,000 Sale price: $360,000 Purchased a house to rent out and complete smaller but necessary renovations and cosmetic updates over time.

Structuring a joint venture (JV) or equity partnership can make the deal appealing by offering a share of cash flow and appreciation. 

Purchase price: $122,000 Cash invested: $41,000 Single family home.

Quote from @Sherief Elbassuoni: Whenever I have cash, I put it as a downpayment for a new rental.Even if you got 4-5%, this is less than inflation, so your money is loosing valueMonth over month inflation is more current information than year over year...and it has been near zero in total for the past nine months and negative for 5 of those 9 months. 

I use cash comps as the first people I look to sell wholesale deals to.  

Still, I think you'd find it difficult to find one that would be a good long-term investment unless you had another ~20-30 years to go, it's at least cash neutral, and you don't plan to hold it too long (to avoid too much investment loss and before you get to the point where it's unsellable because of too few years left); that's another way of saying that maybe it suits your cash needs in the near-term or is at least less of a pill to swallow than other options until you find something that's more of a sensible long-term play

We walked with about $55k of tax free cash on a $147k house with $55k renovation budget.

It’s been a great investment in terms of cash flow and appreciation  thanks!

How do you start finding motivated sellers and cash investors in New York if you aren't allowed to cold call anymore?

Alex,There are a few other options when it comes to your situation to get the cash out of the home.