It tends to be  significantly more than a typical cost estimate for a sub It is always a good rule of thumb to judge rehab costs by if they have to come out and handle the scope of work or for lack of a better word everytime "they touch" the work your costs go up. 

This isn’t anything new this has always been the rule with Fannie/Freddie for cash-out refinance.

@Jason GravesI recently heard this rule of thumb: If you can realize ten years of cash flow through equity today, sell.

He would have to go to court and have a judge rule the QCD to the wife of his half was fraudulent.  

Here's a link to the BP page for events within 50 miles of Philly:https://www.biggerpockets.com/forums/521-events-an...Meetups will be posted there.

Many people do end up breaking this rule in hot markets so they can aquire a place or just because they purely speculate on rising values@Beau Fannon I agree, most people I've seen posting don't take into account all expenses related to a property.

Greetings! I am looking to buy a property in the Churchill Downs area and list it on AirBNB. Doing a little research, I'm starting to uncover some of the local laws (mainly from https://www.courier-journal.com/story/n...

Do the rules still apply if I cash it out?

Is there a hard and fast rule based on a percentage?

To me, it seems like the 70-80% rule of thumb (being ALL IN --purchase, reno, & closing costs-- below 70-80% of the ARV for any property) has gone out the window a bunch LATELY!