I returned home from my first deployment in Afghanistan and drove through the gate to the guards armed up and suited up in their kit (out of the ordinary typically) so I asked him why. 

I'm Steve, I currently live in Bangkok, Thailand and am a pilot in the US Air Force.  

Steve Marshall Glad to hear from another Pensacola investor, and a brother in arms.

Plus the forced appreciation is nice because you can cash out refi in 3 years and purchase another one.

This forces you to get used to the concept of budgeting.

I run into radiator/ forced air conversions all the time.I call my scraper- he removes all radiators, boilers, supply/return lines, oil/oil tanks for free, then I get my HVAC guy start running duct work--- Some of the boilers I've taken out were the size of a small car- not worth my time to deal with the little bit of scrap $$ in return.Find a good/clean scraper- they are an essential part of the team.

@Leon Yang , I've already refi-ed my SF condo, I'm on an 5/1 ARM at 2.75% that goes adjustable (LIBOR + 2.50%) in 2017.  

Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbookTo find out about an area go to IREM.org search for ARM certified property managers.

They said these loans are hardly ever called, but rate would adjust to whatever the current rate is, making it more of a ARM. 

You don't have the "easy" out with conventional financing, so you're forced to get creative and dig up some great deals along the way.Start with place like this.