It's also about understanding the market, having folks or a team there that can help you, and making sure it's viable for you personally.If this property checks those boxes, ignore anyone that downplays the returns not being high enough.

You can be mortgaged to 85% with Freddie Mac if its a single family house with the cash out refi although if you go that high there will be private mortgage insurance to pay for , either monthly or in a lump sum payment at closing. 

It's a powerful way to build wealth through real estate.

Does the guideline for a monthly rent between 0.8% and 1.1% of the property's value include power, water, gas etc.?

Zillow estimates $833k price but that’s a bit high.

I would then put some into a syndication, but I would also highly consider putting some of that money into an S&P 500 index fund and just letting it grow.

There have always been cheaper options for buying/selling using rebate agents or flat fee services but they never took off as a good full time agent paid well enough to be highly focused on your deals has value. 80/20 rule. 

I was a little taken by how high it was but the broker explained that it is always going to hover higher that the traditional which is around 7.5 FHA is around mid 6 right now 

Investment Info:

Condo buy & hold investment.

Purchase price: $230,000

Cash invested: $50,000

2 Bed 2 Bath Condo with attached 2 Car Garage in Walled Lake city center. Very close to Walled Lake s...

@Ran Fridman it's highly likely if you talk to a tax professional that they will advise against a cash-out refinance before you sell your property for an exchange.