Was looking at a multi family in Springfield OH and on paper it looks good and cash flows.

You can get a cash out refinance with the new appraised value after three months of your last purchase and loan depending on the state (lenders are licensed state by state). 

Are you cash flowing the property?

I think you could have seen from the amount of interest alone that this is something female investors have to deal with.

Secondly, does the "cash for keys" apply in this case? 

That increases my monthly cash flow and it boosts the value of the property to increase my equity.The downside is that it can take a lot of work, time, money, and patience. 

Purchase price: $410,000 Cash invested: $150,000 Sale price: $665,000 This asset was purchased along with a multifamily community as it was on the neighboring parcel.

In these cases, the broker is just looking for someone to buy for the amount of the mortgage. 

It has been hard finding a place that 1) Doesn't get bid up by cash buyers that we can't compete with 2) Doesn't have 10's of thousands of capex out the gate3) Is in an area that I'd grade as C+ or better.

The HOA also needs a reserve study that would spell out what the ideal amount should go into reserves.