It’s a 64 units, located in Stockton TX, light rehab, asking is 2.460m, Current Monthly Rent: $25,250 Potential Monthly Rent: $79,000, potential cap rate is 25%, ARV is 9m if you sell at 7% cap rate.

If they are PVC/ABS look for the clean outs -threaded lids that can be removed- and basically pressure wash the inside of the pipes on all runs.If you are handy, remove the toilette and use high pressure water to clean the pipes, you"ll be surprised with what you can accomplish with a garden hose with a pvc end cap and a couple of drilled holes on it.

How are you accounting for purchase interest rate caps, are you seeing any assignable loans worth taking over etc.

He did however get us the coverage for previous years because I have received letters from insurance companies asking us to remove moss on roof one time and repair a loose cap (maybe some kind of vent cap or chimney cap) another time.

Most Lenders that will do a blanket will cap at an overall 70% LTV.

Simply enter some information to view projected key return on investment (ROI) metrics, including cash flow, cash-on-cash return, net operating income, and cap rate.4.

Wouldn't I be exempt from cap gains tax under $250k filing single for the year anyway?

When it comes time to sell, do a 1031 and "defer" your cap gains.

Renting alone doesn't make sense due to the cap rate, and the only reason I'm considering the cashout is to increase units (keep it in inventory). 

I would increase maintenance and capex, especially for a cap 9 property, probably want to bring vacancy to 8-10%.