Annual cash flow is around $40k.Total initial investment is around $120k.

Savannah all I have is one of my houses has a damaged roof, that's it and feel fortunate.

They are selling grant deeds that give ownership to a house. 

Worth recently that had a nice ADU and a couple of decent rent by the room type house hacks. 

Invest their personal profits into real estate.3.

We typically don't have trouble with getting 80% of your purchase reimbursed to you as long as the DSCR hits 1.00+.Here's a quick breakdown of the eligible loan amounts based on an all-cash investment strategy:• 0-6 Months (Delayed Purchase, no Rehab completed) - up to 80% of purchase price• 6+ Months (Cash-Out Refinance, no Rehab completed) - up to 75% of appraised value• 0-3 Months (Cash-out refi, Rehab completed) - 75% of appraised value [good rates]• 3-6 Months (Cash-out refi, Rehab completed) - 75% of appraised value [best rates]Happy to discuss your specific deal whenever you've got time to review.

As a person who is new to Real Estate and Real Estate investing, is it best to save up cash or do a cash out refi on your personal home to purchase a 2nd home (1st rental)?  

Is it worth investing?

It really depends on what goals you are trying to accomplish and the type of housing you are looking.My partner and I have our own construction companies that we work together and we've been helping clients to renovate to either flip or rentals.

I was told it would take 4-6 months at most for a payout..I have over $1000.00 invested and am on a fixed income was just trying to improve my financial situation.