My original plan was just to flip this like everything else.

Even if you borrowed 400k against it now, you'd have well over 500k in equity in 10 years (500k plus the principal paydown).To me, I think you refi it and pull the money out entirely tax free.

How do I find the info to “run my numbers” to make sure it’s cash flowing well.

I've done this with my properties because I'm well known in my small town and don't want people to know what I own.LEGAL PROTECTION: By placing your assets in an LLC, you are legally separating them from your personal assets.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

I’ve seen buyers in situations like this secure terms for primary residence use compared to investors.. so it might actually work out in your favor if your buyer wants to live in the home.Funny enough, a friend of mine ran into a similar situation in Austin last year.

In August 2020, I took on what seemed like a great deal—a three-family property in Manchester.

The low price tag is so tempting, but they just don't appreciate like SFHs, HOA and assessments are frustrating, and loan options are limited depending on the building's owner occupant vs renter population. 

Just because you don't like the answer doesn't mean posting the question again will arrive at a different outcome.

It was certainly timed perfectly to screw over the hurricane victims with zero concern for their life or well being.