Hello,I have a client with an adult family home in Washington State, they are looking to do a cash out refinance.Here is the property info: $570,000 Appraised Value, $2829 Annual Insurance, $3,000 Market Rent, $4,200 Actual Rent, $5,175 Annual Taxes.Borrower has a 720 Fico, and owns 4 other properties, let me know if you can do this.Thanks

I am also becoming an agent soon and it is an illegal practice of law to draft a lease agreement as an agent and one could loose their license.

I’m also an agent, if you’d like some perspective feel free to reach out. 

My spouse is the only one with an income and he’s military.

First you can buy an investment property with 15% down up to 4 units using a Portfolio program.

Yeah, vetting an operator can be challenging.

This was an opportune time to start our REI venture. 

For an ARV of 200k I would look at Riverside.

It just proves it's possible.Let me give you an example.You spend $5K to send out 3,000 mailers, and you barely make a deal.

@Michael Ludwig Others have defined it perfectly but I’ll use an example based on your St Cloud location for the 1% rule.