Metal lath or rock lath?

On the flip side, if you do have to bring additional capital to close, find out what that amount is and see if that amount more (or less) than you if you held on till next August.Determine the over the water timeline: If you keep REFi-ing as you said to cut $100 off the mortgage every year, when is that going to stop and are you able to support that extra CapEx of 300-400 every month?

Held for over a year.

There are some cases where cap rate is even lower if one of the few upgraded construction models that does NOT have the sheet metal sides and back and is in a strong suburban to urban core market.

@Gunnar Linden Long term, your home will appreciate even more and you will wish you would’ve held on to it.

Also notable, the relinquished property  must be "held for productive use." 

To clarify, with flipping you wouldn’t be paying capital gains tax, would be paying ordinary income tax since this is considered active rather than passive income (assuming that you haven’t held for over a year and can’t demonstrate that you bought with intent to rent).That being said, with $100k profit yet low rents, this still probably is a better flip than rental, and you may be better off selling it and just choosing your next investment differently, with rental in mind,  so that it is a place that is cheap enough and can be quickly rehabbed for rental grade, and keep that one, ?? 

If you held a million EUR in your bank account, would you also not consider that an asset? 

Purchase price and closing costs ($37,500), Rehab ($20,000), Holding costs ($2,000), Held time (May - August = call it 4.5 months).

I would add that Mom and the aunties should qualify for the loan on their own and not name your grandfather on the mortgage if possible.The remaining 20% could be gifted as well as a down payment or gifted over time (possibly held as a 2nd lien (?))