It is the best looking house and one of most expensive on the block but probably one of the smallest so if i add on with a cash out refi, over time, i will lose money on the addition and assumely be paying more in monthly payments which cuts my already low cash flow.

@Douglas T.If your condo community is an association then I would assume the Bylaws address the issue of insurance.

With a pool you should always have it completely fenced off to prevent a neighborhood kid from drowning.I would not assume that the bank whom owns it or the town will care about the broken fence and replace it.

That said, what is done is done.If you don’t mind sharing, what s your break even number assuming 45 Days more of holding costs?

I’m assuming some sort of LLC or similar.

If you ask in the contract that the loan be assumable based on credit, and you and have no difficulty doing.

Also, I am assuming that you want just more than one property. 

We are also planning to have the seller pay closing costs, so I was assuming $1000 for any loose ends. 

So, you would pay for the appraisal now and then bring a check for $3,181 at closing...You would need to speak with your lender and your agent about what % estimate they assumed when you made your offer.

I also assumed that the cap rate would get worse for me when I sell because of the higher interest rates in the future.