Huntsville seems like a great market to be in!

I've also been told off-market deals are often the best bet but am clueless about them... 

I’m leaning more towards an apartment locator, mainly because of the current housing market in Austin, there are not many properties available.

@Carlos Quiros that's not typical for the hard money lenders in my market. 

Hello,I'm an investor based in Seattle seeking opportunities in markets that offer positive cash flow.

The location, school district, and lack of availible single fammily homes on the market.

His knowledge and ability to analyze the market is extremely impressive.

I'd say this in any market, but we're talking about Detroit here. 

Some considerations are the type of loan (Conventional, DSCR, etc), the type of property, the market the property is in, the location, your income and employment, the timeframe on the cashout - the list goes on.Generally speaking, you *should* be able to cashout refi up to 75-80% LTV of the appraised value after rehab, usually following a seasoning period.

Additionally, having a real estate agent who understands the local market can be invaluable for pricing and tenant placement.