Also AS @Edward B. stated completely bad Karma to kick someone out of their home that rescued it the morning before the sale I don't care if it was 5 minutes they got the dough there.watch the movie 99 homes to see the other side of this heart wrenching things owners went through.for these reasons we rarely anymore buy homes that are occupied.. if its abandoned then its a different story.think about your mother or father being booted out.. or someone you love.. then make your decision.

Neither of us have RE estate experience but my father is a broker and older sister is an agent.

My experience has been the more time you put into something and hustle, the chances of you hitting that lucky deal increases.I am in the second full month owning the property and I feel confident that I am going to hit the numbers that I modeled. 

Ideally once we have our first or second purchase under our belts, we would then start looking into duplexes or fourplexes.

We discussed me paying off his second mortgage, compensating his realtor and taking over his 1st mortgage. 

@Etahn Smith I'm currently going through my second eviction with the same tenant.

If the roofer does the job for less than $15K, your second check would be for the roofer's actual costs, less the $7.5K they already gave you less your deductible. 

My second question is should we use Podio as new investors to keep track of our leads?

So, my father-in-law has experience in Commercial Leases, so he is actually backing me up.

Hello BiggerPockets friends,I guess I need some help in understanding the benefit and strategic advantage of cashing out appreciation on a property and using it to buy another property.If I appraise a property, I am borrowing that against another loan to pay some of the original mortgage and/or buy second property?