Thank you all for the help!

I went into my accountant's office about 10 years ago and set it all up with her.

I appreciate all the feedback.  

We agree with @Travis BiziorekBay City, Saginaw & Flint all have low price points, but little to no growth.There are better opportunities in Detroit, even Midland (home of Dow Chemical).

I work with an active investor in this type of market to help her build this private lender army to fund all her deals.

A class A property may be good at a 4% CoC return but a class C property may not make sense at a 25% CoC return.Unfortunately there isn't a 'magic' number for returns that span all asset classes, you'll need to make sure you are educated on the asset class in which you want to purchase. 

If you intend to pull money out long term, I would do a 30 year fixed rate 1st mortgage as it will offer the lowest interest rate out of all lending options on the market. 

Should I be laying out all my financials right then and there? 

I manage my own rentals and I also do all my own handyman/maintenance repairs.

Hey all,I’m a private money lender and a hard money broker and I’m interested in hearing from anyone who’s gone through cash-out refinancing.