My question is that if I Cash out-Refi, that technically would mean that the property already paid itself off in terms of COC right?

Here are the break down of the 14 units in terms of length of time in the unit.1 unit 15 years started at 725 now 11001 unit 7 years3 units 5 years4 units 3 years1 unit  2 years4 units 1st yearAll of my 1st year tenant's rents were increased from the outgoing tenant.  

What are you trying to get from investing in real estate (in terms of life outcomes)?

In terms of how "others like myself" are doing things.

Anybody familiar with building 1500-2000 sf homes in Delaware in terms of cost per SF, average gross profit margins, and average net profits for the builders in Delaware?

You may wish to confirm that the new 401k provider has experience with the particular investments in which you intend to invest your retirement funds as you very likely will have questions in terms of the mechanics (e.g. how do you invest in real estate, etc.).3.

If I'm wrong about resale or additional repair costs come up, then I'll probably lose money.So in terms of what to do in this scenario, you'd probably just back out of the contract. 

-In terms of the second property, Jon is looking to fund the down payment this time around. 

@Mike Franco Most areas in SoCal are not the most BRRRR friendly for single family homes in terms of being able to cash out at high leverage, walk with most of your initial capital investment in cash out proceeds, and leave behind a property with strong cash flow. 

Unless you are knowledgeable about renovations, don't list the rehab cost but it is ok to list what the home might need in terms of repairs.