I only find old properties which can cash flow better.

If it's to maximize the equity in your portfolio, then pulling cash out is a great way to increase your return on equity - just be cautious of going into negative cash flow territory. 

I only do M2M, it keeps everyone happy.. if someone isn't happy, or a huge PITA-- MOVE. 

Heard some negative stuff about the area as a whole but none from people who are actually investing in the area.

Negative Nancy?

Katie,I hate to be negative, but I doubt you'll see any of the $10k.

Purchase price: $70,000 Cash invested: $5,000 2018 Purchase 2Bed 1Bath in Kansas City$70k PP$27k RehabCash out Refi at $118,5 (4.875 rate) after 6mo and initially rented at $1000Payment $769Rent $1200What really makes this old deal sweet is that I only have about $4-5k cash into the deal, but it is now valued at $155-$160k, so I am doing another cash-out to drop the rate down to ~4.125 and only increase the payment by ~$20 per month (75 LTV).

Purchase price: $70,000 Cash invested: $5,000 2018 Purchase 2Bed 1Bath in Kansas City$70k PP$27k RehabCash out Refi at $118,5 (4.875 rate) after 6mo and initially rented at $1000Payment $769Rent $1200What really makes this old deal sweet is that I only have about $4-5k cash into the deal, but it is now valued at $155-$160k, so I am doing another cash-out to drop the rate down to ~4.125 and only increase the payment by ~$20 per month (75 LTV).

What really makes this old deal sweet is that I only have about $4-5k cash into the deal, but it is now valued at $155-$160k, so I am doing another cash-out to drop the rate down to ~4.125 and only increase the payment by ~$20 per month (75 LTV).

I on the other hand do not think it is fair for someone who has been foreclosed on to simply find a loophole and say they never had a face to face conversation with the bank to rectify their mortgage.