I paid cash for the property and am looking for an 80% LTV cash out refinance.

Cash Plan to refinance when rates are more favorable How did you add value to the deal?

Total cash to close (down payment + closing costs) is approximately: $20,300. 

If you looking for cash flow properties best to invest in Santo Domingo, Bavaro, Santiago, and Sosua.

If it is normal and it's out of budget for you, you can either use financing to lower your cash outlay, partner up, or find a different property.If the work is cosmetic, it wouldn't be a big issue to tackle on your own, but if it's more than that, probably best to play it safe and hire out.

North Broward Area (Undergoing Gentrification)Type: Triplex Units: Two /1-bedroom units Current Rent: $1,500 per unit, month-to-month leases Tenant Quality: Great tenants, familiar with the neighborhood, payments made regularly with sufficient funds Potential Rent Increase: Neighborhood improvements and upcoming developments suggest potential rental rates could rise to $1,800 - $2,200 within the next two years Upcoming Development: A new $2.2 million road is being constructed in the cityCurrent Market Value: $680,000Current Cash Flow: $1,500 per unit, 3 units totaling $4,500 per month Condition: Needs some work Price: $435 ,000This property is a prime investment opportunity in an area poised for significant growth and appreciation.What do you think?

I have mentioned a few times on BP For all these folks trying to bust into the business but need to make money this is a great way to learn details and make cash without having to spend much if any money other than a computer scanner printer phone. 

Seriously, in big picture say someone is willing to rent you a home on 99yr lease for $1.00yr, that you can rent for $2k mnth, are you gonna say no because you MUST hold title, must have that paperwork to it in the way you want it.From my vision, arguing how that paperwork is done is like saying you refuse to accept a truck-load of cash if the truck isn't blue in color.

Seems like if the vacancy ratios are low STR would be the only way to cash flow on that type of debt and $1500 for an HOA could be a mortgage on a duplex!

If the law does not, I'd offer them cash for keys, or not renew their lease.