75% LTV is the cap on cash out with many (but not all) lenders, so I'd make sure you have a viable option for 80% before you make your decision.

I have a free training on my YouTube channel that teaches you how to create a comp set and review the competition in your market so that you can make an intelligent decision on whether or not to move forward.

I plan to head to the area in the beginning of December and would love to use the time I spend there to speak with lenders, property managers, etc. to make a more educated decision. 

@Alan Asriants Since you already received your decision,  I assume you selected the non oral hearing option?

Under the same scenario, a GP with a fixed percent return would probably make the choice to sell and take profits because they would see the 20/80 decision as a bad bet. 

Best of luck with your decision!

That's would be a decision the seller/lender could make. 

That's a poor decision that you and nobody else is making here.

They’re pushing this $40k program on us now, and I was ready to buy in until someone raised the question of whether or not it’s legit and now I’m super second guessing this decision.

All geared towards the MRS. who as we know is the major decision maker..