. $500/month on the property, and give us the new capital to use with other investments (we're looking at passive, multifamily syndications).In my mind, this all makes sense and we're ready to go full steam ahead...but the fear of the first time is a real thing...so basically we're just looking for affirmation that it's all going to be ok, haha.I appreciate any insight, help, downfalls, or reassurance that you can offer. 

Yea my taxes have always been straight forward so I will definitely be using a CPA from here on out. 

@Tonye Jack Hi Tonye, we were looking at KC, MO back in 2018 and did tons of reasearch for two months straight.

We will go ahead and allow the word "Value" to be used as though it was some real accounting figure for a second, but even if we did not, "Value" and "Cost" are not related. 

Thanks in advance.SamHi Sam, I think you should stay on the road and continue to make BIG money (because it's better to be a rich insane man then a poor one), and milk it for all it has.Some advice, straight from D-Town (You only get one shot--do not blow it): https://www.youtube.com/watch?

You are so much ahead just thinking about it! 

Here's a high-level look at some of the preliminary numbers:Offer price: $53,500Purchase closing costs: $1,200Rehab estimate: $25,000Estimated holding costs: $2,000ARV: $105,000-110,000Target 75% cash-out amount: $79,000 - $82,500As you can see, the numbers looked pretty good up front and it looked like we would be pretty close to breaking even on the project after the cash-out refi, so we went ahead with the purchase.

First, because of your musical background, you're already light years ahead of many experienced investors. 

That seems super simple and straight forward.

Generally, VA “1-Time Close” loans are a lot work and the rates/fees are much higher than a straight VA.