I just got an appraisal back for a property I am trying to cash out refi.  

Cash.

Purchase price: $3,975,000 Cash invested: $1,025,000 FIXER UPPER-Chateau Montclair sits on almost 6 acres & overlooks a 10 acre lake in the new exclusive gated community, The Montclair.

With a non-spouse inherited IRA you have (up to) 4 choices:-Cash it all out now-Cash it all out over 5 years-Take required minimum distributions based on your life-Take required minimum distributions based on the life expectancy of the oldest beneficiary of the inherited IRAEach of those options has different tax implications.

The cost of living is extremely low compared to other cities and you can still many many positive cash flowing and 1% deals here.

You might have cash flow down, but what about the other more complex metrics?

In regards to real estate agents, they could save a ton of time with staging/showings and even dealing with other agents if you buy a house from them off market.

Purchase price: $3,975,000 Cash invested: $1,025,000 FIXER UPPER-Chateau Montclair sits on almost 6 acres & overlooks a 10 acre lake in the new exclusive gated community, The Montclair.

Purchase price: $130,000 Cash invested: $175,000 Sale price: $550,000 Full Cycle Pre-Foreclosure > ShortSale > Fix N Flip

Although if you paid cash, youre always free to forgo insurance and assume the risks yourself.