With delayed refinance you're able to refinance after 4 weeks and pull your money out therefore you can buy more properties in a short period of time to scale quickly.

But if she cannot afford 50-80 per month (which seems very cheap for a 1 acre lot by the way) then you will be having rent issues shortly.

In short you won't be able to buy. first you need to find out what's the status of this house(is it in foreclosure)?

you did not BRRR you simply bought on terms with it sounds like a short term lender and are now refinancing you will probably need to leave your equity in as it probably not realistic to think your property with only a 6k lipstick paint rehab went up enough to create enough equity to refi out and get your 10K back.. unless you bought way under market to begin with.

Will get to you shortly!

Long story short, I used the wrong contractor and the property took almost 11 months to get on the market. 

My house that I'm considering 1031, I think time on market will be short.

Within Columbus, I am very interested in the downtown area - brewery district through and especially including the area surrounding the Short North. 

So if you subtract off all the utilities including cable (Say $400) we are looking at $1700 a month for a year lease and $1900 for short term lease.

If you've just been on market a short number of days, counter the $215K  Offer & $5K Closing Costs paid by Seller, with $220K And agree to pay the $5K.