Looking to do cash out refi and take out about 300 - 400K for a down payment  to buy SFH for a primary residence.

Hi everyone,My name is Jamie and my wife and I are lifetime Memphians currently residing in Germantown.  

I spoke to Daniel Bornstein about it - An owner who resides in a three unit property or less is not subject to just cause eviction rules for all the other units --- however, this “loophole” is subject to close November.

Gino literally wrote the book on mom and pop apartments....Wheelbarrow Profits.Look for...Below market rentsOvergrown or not maintained landscapingDeferred maintenance on the exterior facadeNo online presence or marketing (word of mouth or signage only)All white interior paint schemesDated lighting and plumbing fixtures100% occupancy (can suggest below market rents)All rents in increments of $25 (a lot of money to be made in smaller increments)2 - 10 year residents at rent rates below new tenantsNo late fees in the P&LSelf-managing (tiring)Self-maintenance (a lot of work)

We had a perfect qualified young single male buyer for the first one who was putting 20% down and had a great job working as an IT tech close to the co-op.

It's for my personal residence.

I purchased my primary residence in 2014 and have since had interest in real estate investing.

I have sold my primary residence and using cash savings and equity (approx $200k usd) from that to start my investing career here. 

I have a investment property (originally primary residence) that has a VA loan on it. 

I reside in New Braunfels, Texas.