Account Closed as others have stated there is a ton of detail missing in your original post, but generally speaking the price you paid at $270/sqft is very cheap here in the Bay Area. 

As @Derek Dombeck said, there are different structures to know and be educated on, but even the details to those are flexible to what makes sense for all parties.

https://www.realtor.com/realestateandhomes-detail/1211-Pierce-St_Lynchburg_VA_24501_M58393-70084

Jacob, Thanks for your detailed explanation, it does appear I was basically using the COCR.

BRRRR Strategy Total Investment $252,500.00 ARV $300,000.00 Cash-out Refi Loan (75% ARV) $225,000.00 Cashout Refi Down Payment $27,500.00 Cash on Cash Return as Rental 9.47% Forced Appreciation Gain $47,500.00 5 Year Appreciation (4%) $64,995.87  If you have questions on the financials or would like more detail, please leave a comment below.

They are out there in nearly every market.Thank you for this detailed explanation.

The BP app seems really bad..too many things to go into detail.....I avoid it and have to log in each time with chrome...I have better experience  from.laptop than phone..Is it on my end? 

He give me details but was not a high pressure have to sign up now situation.  

Happy to repost all the details I have from them if anyone is interested - or just PM me. 

You need to be more specific with details.