From the cash out refi we paid off the purchase loan, the personal loan and my 401k loan and used the remaining cash to purchase our next property.Depending on the circumstances it can be a good use of funds, however, if you have no plan to or don't think you can quickly get the money back I would think about other options.

I'm not sure about the whole license deal, but @Steve Babiak would probably have an answer.Also, in order to sue the tenant for the remaining rent, I'm pretty sure you would need to actively try and re-rent it.

What remains is your cash-flow before taxes (CFBT).

That assumes about 7 or 8k to a realtor.The contract would structure as follows:First 80k to the house ownerNext 20k to you (covers the renovations)The remaining, 37k in this example, goes to each of you evenly after closing costs.

I think paying in cash the first one all the way through and having some room for inflation of costs etc and then adding the second on cash after sufficient cushion has been saved up.

Once you get the Cap rate of a property, you must verify that it is accurate and not inflated due to inaccuracies, inflated revenues, or missing or shorted expenses.

You share the risks (liability of a vacant property; what if the house remains did not sell, etc) with being a partner.

The 14 executive suites will remain, but will be updated with modern furniture for the tenants.

What if I offered him $325K cash and he carries the $68K remaining on his mortgage and I make payments to him?

I personally think "inflated"..