A 3 or 4 unit must also meet the self sufficiency rule (75% of total projected rent must cover PITI plus mortgage insurance).

NOI of $74,000/year (total value $370,000 using 20% cap).

I prefer to not rely on luck.

There are door collector's that will buy just about anything in order to add to their portfolio total so the Cap rate, Cash flow, etc are being overlooked.

Primarily, they are for referring out of your area, but I know some that use them to refer out clients that they don't get along with, but prefer not to totally lose that commission.  

@David Sargent  I totally agree  with that metal victory after paying them off going to be good day for sure!

@Arthur Voskanyan, firstly,  when you "want to cash-out-refinance, and get like 80%", it won't be 80% of the $150k equity that you have in the property, but rather, 80%* of its total value. 

Three partners total, one at 50%, one at 25% and us at 25%. 

I have a client who is putting together a spec home, the market in Utah is very good, and new construction is in high demand.This friend is getting a lot loan from his father-in-law in the amount of $70 in cash (total for the lot) Then he is getting a new construction loan in the amount of $230,000.

I think they quoted us with install around 12k total.