With 5-10 financed properties, you can ONLY do a cash-out refinance within the first 6 months using the Delayed Financing Exception.The 6 month window is measured from the date of purchase to the disbursement date on the new mortgage loan.

I know in other places this has definitely happened a lot even if they said they were using market value through comps or other measures. 

Never compete with the lowest guy, nor aim for the cheapest tenants.

I'm aiming for the Real Estate broker's license, not the sales-persons license.

If you're buying then you should always be on the look out for a well priced property, whether it be Spring, Summer or Winter.But if you are a seller, you should aim for the prime time for sellers in the Spring.

Ultimately you have to determine what your market demands/appreciates but I personally always aim to restore :)

Current Air Force SSgt. looking to not only learn from everyone here, but to take that knowledge and utilize it to the fullest. I quit my regular corporate job and joined the Air Force...obviously to serve. I'm from ...

I'll have a pro do the roof, AC, and carpet but those don't require permits either.I'm aiming to buy newer (20-30 years) homes and I'm not changing anything structurally or adding sq footage or replacing wiring mains - and I'll have the wiring/plumbing inspected to make sure.

If I did I would have to ask them if they drink and measure their body fat % to see how much of their income they spend on fast food and how quickly they wear out their shoes and that's just silly.

Its hard to cash flow properties if you have a mortgage note on them - my metrics aim for 8-13 cap, we can even get away with 6.