So to be more clear, an example:• purchase price $50k all cash• rehab cost $30k• ARV $85k (note, all in cost nowhere near 75% ARV in this case)• purchase price of $50k is 59% of the $85k ARV• refinance at 75% LTV of $85k - you get $63,750 cash back in theory minus closing costs...So am I missing something here?  

For example, I found a 5-unit in my area for about $160k. 3 units are rented at $600, the other 2 are vacant.

For example, if there is an unauthorized pet, charge $100 upfront and $20 a day until the pet is removed.

For example, one of my tenants never missed a payment in 6 years of tenancy although he was late several times a year. 

For example; Make sure to understand who pays utilities.

For example, if you had a duplex and lived in one side and rented out the other, you can use any positive cash from the rental to pay towards your loan.  

., and I figured a great way to learn would be to just jump in with a couple example properties instead of using hypothetical properties.House 1: https://www.redfin.com/WI/Eau-Claire/430-Ferry-St-...Well-maintained tri-plex.

For example, I've learned that the state of Vermont will impose a huge "land gains" tax on someone who buys and sells a piece of vacant land that isn't part of their primary residence within a 7 year period.

For example, I had a situation where I wanted to counter at a low price and my agent insisted that they would not accept the offer and we would be out of discussions.

So, for example, if your interest in the property equates to $100k equity and $250k loan, you must invest at least $350k in the new property.