The county condemned it because he change the gas to electric and never pull permits to do so. 

I'm pulling the trigger on that process next week.

If you can pull out your equity,  while maintaining at least 20% in your primary home, wouldnt you be able to get the 25% needed for the deal?

Here are some of the numbers:Purchase Price: $61,000Down Payment: $15,250Mortgage Payment w/ Insurance & Taxes: $346Previous Rent: $375 (3/1), $400 (2/1) = $775 gross rentRenovation Cost: $11,000 per unit (Includes purchase of tools: wet tile saw, work lights, airless paint sprayer, circular saw, miter saw, etc.)Current Rents: $775 (3/1), $850 estimated (2/1) = $1,625 gross rentARV: $115,000I still have to finish recoating the bathtub with Rustoleum Tub & Tile, and replace a missing tile transition to the bathroom, but outside of that, I'm ready for my renter.I'll post pics of the first unit 2321, when I get an adapter to pull the pics off my phone's SD card.BEFORE PICS - UNIT 2325AFTER PICS - UNIT 2325

i Own 2 properties free and clear, and I'm looking to do pull out some equity.

She is seeking to pull out at least $50K or up to $70K.

You can simply pull up the link below and make a copy for yourself to use and edit as you'd like.  

If it's vacant.. the motivation is likely higher)Inherited Properties (These can be pulled manually) If it's not F&C they inherit the mortgage too, often they can not afford two payments and need to sell quickly.Evictions (These can be pulled manually) Frustrated landlord that doesn't want to go through the tenant process again.Delinquent Taxes (Some states are tax lien - like md, others are tax deed states).

Learn from them, pull the trigger and take the world by storm!

I am confident enough to pull the 1st trigger on a mini syndication deal with close friend and family.