This data can provide light on their dependability and level of client support.Seek recommendations from other real estate investors or property owners in your area.

If it’s owner occupied vs non owner occupied that will make a huge difference in the docs as well will have more documentation such as personal guarantee, assignment of rents and leases along with confession of judgment language in the docs.

Are we talking $100k or $20kNote that the appraisal is based off the work you put into it and won't be based off market comps for a few years so you are really limited pulling out your capital till 5-6 years and the max LTV for a cash out refi is 75% if you are owner occupied and sign another 1 year occupancy agreement

I am a real estate investor and STR management company owner in Fort Collins. 

@Chris Seveney this would be an owner occ VA loan the numbers will be for year 2 when both sides are full 

This could be a great property to have a tenant payoff over time.If owner-occupied 2 of the last 5 years, you could sell and pay no taxes on the proceeds.Where would you invest the money for a higher return?

This also allows for property owners to more easily write-off assets that get damaged/destroyed as the value of these assets is determined as part of the study.

If you're going to non-owner-occupy multi-family you need 25% in cash plus closing costs and reserves, unless a Contract for deed is an option. 

I know I can start an LLC but if I am the sole owner of the LLC, can any one get to my personal property (home, stocks, etc.)? 

Property owners prefer an experienced operator with a track record4.