Another way to address this concern is to explain why this is so off-price and still sitting there for you to buy.

What I’m hoping to do is to pull some of that equity out to buy more, but a cash out refi on any property puts it into the negative cash flow situation since my current rates are mostly 5.5% or lower.

My mortgage is 200k.I want to buy a new property for sale that is commercial/resort zoned.

Plan to start small, buy a condo or townhouse wholesale that only needs cosmetic upgrades i.e paint, carpet etc.

I currently have 6 buy and hold single family properties in Van,Canton, Mineola, and Quitman.

Investment Info:Single-family residence buy & hold investment.

My comment on doing it yourself, i.e. buying furniture, is that besides the logistics, every space will have different needs most likely. 

Who is buying this property? 

I was simply explaining that I have been contacted by many, many investors who thought buying into a program would make them successful quickly.

Is it worth buying the property, doing all the work, taking all the risk for the deal to stay at a C level.I don't believe that expenses on the property are only 2,600 per unit.