That is 80% of the purchase price and repairs or renovations that you can show receipts and proof right away without having to wait 6 months.

prospect - "well, right now I have one roommate but I'm not sure they are moving with me and I might get one more"   So, 2-3 people? 

While many flips require renovations, this property showed that with the right purchase price and demand, a quick resale can be just as profitable.

If you surround yourself with the right people—those who are actually in the trenches doing deals—you’ll pick up the skills, capital, and opportunities naturally.Looking forward to connecting more and building with you, Robert. 

The city also confirms if the utilities have capacity which they do.Its a simple case of NIMBYs having a huge voice in this jurisdiction. you are doing everything right. just file a couple lawsuits get a good lawyer and keep going. 

However, this is not a cash out refi.Cash out refi is when you refinance an existing loan, with another one (i.e replace the loan) where there is enough money left over at the end of the process where you can put some proceeds in your pocket.When it comes to your strategy - just make sure you're being conservative with your numbers on the purchase / rehab if you don't plan on using other proceeds to payoff the HELOC. 

@Natalie Kolodij is on the right track with her questions.

if you do it right, you'll break even.not trying to be negative, just realistic.

I am looking into a company right now that does rent guarantee insurance and also does in lieu of deposit will issue a bond that the tenant basically gets charged a monthly fee for.

§1245 §1250 got to make this sizzle somehow, right?