Hey BP Community, I invest in a smaller market where the properties don't always appraise for 100k and limits my cash out refi loan options when dealing with DSCR.

Hard money lender is not going to give you one lump sum cash to be free to spend.

We have never raised his rent, always address any needs or concerns with urgency, and even give a December rent reduction with Christmas card and gift each year.

Currently, I'm focusing on building capital, saving, and investing to have more cash on hand until my next project, so for now, I'm simply educating myself on tax codes, financial investing, syndications, accounting, and creative ways to get involved in real estate investing. 

You could explore cash-for-keys

It currently cash flows $300 a month on a $1200 a month rent. 

Enjoy the cash flow and we're ready to work with you on the next one 

Not a terrific deal though it’ll free up some cash flow from my current renting situation which is always welcome. 

That will influence your how much you get in funds for buying the land and for construction, as well as how much you need to put down for closing costs.If you don't have the experience you could partner up with someone with experience whose also got cash to help you with this deal.

I have a number of rentals and my cash flow is very good but I overextended myself, and my cash reserves are too tight.