EFFECTIVE GROSS INCOME: $89,330EXPENSES:Property Management: 7.5% = $6,700Insurance: $5,112Maintenance: 12% = $10,720 (I will likely modify this number after inspection one I have a better idea of the actual shape of the property)Taxes: $8,568Trash: $1,085Water/Sewer/Common Elect: $6,910TOTAL EXPENSES: $39,094NOI: $50,236Cap Rate: 8.37%Debt Service: $33,672 (5 yr arm - 25 year am, 5.0%)Net Cash Flow Before Taxes: $16,564Cash on Cash (Assuming 20% down): 13.8%ROE (NCF + Princip paydown): 22.1%DCR: 1.49Debt Yield: 10.5%Using 50% Rule: $83.28/unit/month

utm_source=search&utm_medium=internal&utm_campaign=booksSimply, bone up on the areas that you need to expand knowledge in such as, Forums, Marketplace, Learn, Network, Analyze and Resources.Feast on the Podcasts, #askbp Podcasts, blogs and webinars Lastly, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational and thought provoking ideas relevant to REI.

@Michael A RytinaIt depends and partnerships should not be considered lightly.Below, is an old blog written by @Ben Leybovich a couple years ago, but it's still relevant.https://www.biggerpockets.com/renewsblog/2014/05/0...

I got a 15k lesson in that one this last year and two other BP members got even more expensive lessons with this one frequent BP poster  :)  I can laugh because 15k is not going to change my life.. but other investors this could be serious Its why I am in the 1% of  BP frequent posters ( and it could be far less than 1%) that think that paid training is one of the best ways to actually get going in this business as opposed to thinking you can listen to a few pod cast read a few blogs read BP until your eyes bug out and your all of a sudden going to be a successful RE investor...

utm_source=search&utm_medium=internal&utm_campaign=books (books recommended by BPers)Simply, bone up on the areas that you need to expand knowledge in such as, Forums, Marketplace, Learn, Network, Analyze and Resources.Continue to feast on the Podcasts, #askbp Podcasts, blogs and webinars Lastly, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational, thought provoking ideas relevant to REI.

Like the others have mentioned, one problem with being an absentee landlord is showings and moving tenants in and out.Other aspects like marketing, tenant screening and rent collection can be done pretty effectively remotely.The properties I own near me I manage.  

I have been impressed with some of the items under the tool bar, file place section, and I have a blog piece on cost plus versus fixed price in a blog; plus one on scope of work, both just descriptive  background...

There are plenty more resources you can find under Education from how to's, blogs from our experts and podcasts.

So issue is essentially what you were asking access that equity other than selling it and "how to" measure the refi fees & cash in hand vs effect to cash flow & refi fees.I have seen a couple posts asking about using HELOC loans which I guess have less fees but just started researching those but I guess they are lower LTV so might not offer access to as much cash.I guess it all depends on goals and what you want to accomplish...

I would appreciate feedback from investors who has used this medium and the effectiveness of this marketing technique.