I am leaning toward the cash out refinancing, as it would allow for purchasing properties at a discount, adding value in some way, getting it appraised for higher than the purchase price, and having the chance to pull out more cash than what was put in. 

I'd assume it would be the latter since most lenders are going to already discount the Gross Proceeds 25-30% as part of their calculation.Sorry to put you on the spot because I can probably ask a lender this question but figure you may know if you're already using the BRRRR strategy.

If you can't get a better discount on the property where you would win with the current rental rates, I'd pass.

We are looking to buy houses that will rent for above $750/mo in the following zip codes 38109, 38116, 38118, 38141, 38115, and 38117.

Any other zip codes you would suggest with houses less than $70k?

The hoa did what was best for them, as the bank and buyer in the short sale were likely offering only a discounted pay off.  

Make sure you have a detailed scope of work, acknowledgement of standard codes with a willingness to bring the property into code and I think you will find them very helpful. 

The code for huge BP forum seems a little screwy.

I fund the LLC/lender with the amount needed for the loan.My other LLC, "Joe's Mobiles, LLC," buys a home in zip code 88888The LLC/lender approaches my favorite mortgage broker, Mrs.

Banks will only loan on houses that are compliant with building codes and 100% habitable.