Thanks for your input.

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Thanks for the input Karl

Although patching up the hole with sand definitely decreases the flow (could be sand absorbing the water, or the water just finding some other path of least resistance)Thanks for all your input though!

And also, make sure you put that you/the buyer is using debt and that it's not all cash.Thank you for the input, Bryant!

I appreciate the input!

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Lets take a look at the numbersOriginal Purchase: May 16, 2018-Purchase Price: $50,000-Closing Costs: 2,700-Rehab Costs: $10,650Total All In Cost: $63,350How I Financed Originally: -25% Down Commercial Financing ($12,500 down)-$37,500 Loan Amount - 5/1 ARM amortized over 20 years-5.25% Interest Rate-Monthly Payment: $365/monthRefinance Period: -Refinanced following completion of construction 4 months laterNew Loan: October 2018 -Appraised Value: $94,500-New Loan: $67,500-Closing Costs: $1,500-6.29% Interest Rate - 5/1 ARM 20 Year Amortization-New Payment: $692/monthI was able to take all of my original money out of the deal and pay myself a small $4,250 tax free payment "Just Because 😏 "I now have $0 in the dealCurrent Rents: $1,049/monthCurrent Cash Flow After Refi: $357/monthResale Date: December 2021-Sale Price: $112,846-Current Loan Amount: $55,422-Closing Costs: $3,350.92-Commissions: $6,635.34Total Net Profit: $46,123.64I"ll now be doing a 1031 exchange and rolling that into a longer term multifamily building.

Amazing feedback from everyone on the thread, and I really appreciate your input.

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