Im looking to sell and move equity into next bigger MF deal.

It will Net him about $700 a month in cash flow as a turnkey plus he gets existing equity.

Since I do need to make repairs to my primary and have about 30k in equity, I'm not sure where to look to for funding the necessary repairs. 

I've been wholesaling and closed a few deals, but I came across a property that is currently tenant occupied that is deeply discounted will have a large amount of equity right off the back. 

I know I get shut down a lot on BP for being equity heavy and debt light.. but its that net worth in my business that allows me to play in the new construction game.. without it.. would not get very far. 

My thoughts are to get them on a 6 month lease in Nov. at $1100/mo, and then start an annual lease In June, whIch Is a more favorable tIme to fInd tenants vs. the wInter In MN.

You get most of the termination fees and such, and he feels like you’re doing him a favor.

In my current market I believe I got 40k in equity off the top.

Keep it and let equity and appreciation work for you over the next 30 years.

I feel like the appraisal company is almost in favor for the lender.