Renovated kitchen with recessed lighting, stainless steel appliances, fences, 2018 Trane HVAC, 2015 tankless water heater, 2015 roof, 2015 electrical panel, fence installed in 2018.Offering 110k for a flip would consider the 50k in rehape not considering the cosmetic stuff yet.

But it’s better to ask them up front (like you did) before you waste your time applying if it’s not going to be for an approved use.Also, if you’re just not sure what you’ll do with the funds, you can always say the purposes is “for cash reserves”.

Thanks Filter Criteria- Looking at stable rental income and cash flow positive properties, even if the appreciation gain is not that much. 

Is there a tax advantage if I do a cash out refinance of one of the rentals and buy the primary out right?

$450k is pretty cheap for a Cali so maybe it works as rental (don't know the strategy here) but rental cash-flow could take years to equal $225k tax free. 

You can look at the relocation as an investment in the property since it will be an issue if you ever want to sell.Years ago we only provided w/d hookups, but these days we include w/d in all units, raise the rents accordingly ($25-50 per unit) and enjoy some extra cash flow.

Of course it depends on the market/price, and of course the more you put down the more cash flow you will get.

I know that the house will cash flow but am curious what to expect from the appraiser on how he thinks about the new units and how much equity it will add?

Anyhow since I'm paying cash and don't need to get a mortgage on it should I still go through a proper title company to get it the title switched over to my LLC?  

Hi All,  I have a single family home that has been a long term rental I am weighing thoughts of cashing out vs renting it again as tenants vacate end of this month.