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

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

Hello -Looking to buy a duplex in Albany, NY as an investment property but have little cash. 

Purchase price: $850,000 Cash invested: $500,000 Sale price: $2,250,000 Purchased , knocked down, built new from ground up What made you interested in investing in this type of deal?

Couple hundred bucks a door monthly cash flow, solid ROI, and yes plenty appreciation. (#1 appreciating city 2023)I personally make well over $100k/yr cash flow from 21 properties here.

I'd say 1% deals are going to be more of an appreciation play rather than a 2% deal which will undoubtably cash flow. 

We built that on land we already had and used cash to build ourselves. 

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It’s crucial to ensure that your cash reserves can cover not only the mortgage but also unexpected expenses during the remodel.The 30% housing rule is a helpful guideline to avoid overextending yourself, and ideally, you should be comfortable with your monthly housing costs even without rental income.

Paid cash for it.