How are you guys calculating your cash on cash return after you cash out refinance once or twice.

View report*This link comes directly from our calculators, based on information input by the member who posted.

Not knowing these items will put you in a great position to FAIL.Once you have a decent handle on your market conditions and rehab number calculations (there are plenty of threads here that I and others have gone into full detail on how to do), then you can comfortably start looking for private money lenders.

Why don't you run this property(ies) through the BP calculators and then you'll have a sense if it's worth pursuing or not... 

I recognize the ROI isn't super exciting compared to a lot of what's discussed here.PeterView report*This link comes directly from our calculators, based on information input by the member who posted.

If your property is in tough shape or is older; I would increase this reserve, but this is a rough calculation for a property that is in good condition, not in need of major capex.You can also increase this annually or do it on a monthly basis; i.e. $25 per unit, per month goes into a savings account and I will increase that x% per year. 

Typically you'd only calculate long term rent when you crunch the numbers, but Santa Barbara has a shortage of hotels/places to stay, so airbnb/short term rentals, like @Rohme Williams said, should be a solid bet.

Try to BP calculator to get a better sense for yourself.

@Brian ChoiI would say your best bet may be to ask if they do commercial loans if you are looking at an apartment that is more than 5 units and if they do lend on that show them the numbers using the calculator so you can present yourself well rather than just being another voice on a phone.

Now to be fair you have to calculate your taxes associated with your real estate vs stocks.