We bought it for $69,000 cashBetween renovation and other expenses we spent about $55,000 cashWe were able to do a cash out refi for $105,000 and we are renting it for $1650/moThe ARV is around 155k but we took out what we could based on a healthy debt coverage ratio Lessons learned?

If so, I'd like to know how much (if any) cash flow the property produces for you annually.

I own a 4 unit rental property which produces a good amount of income.

I don't know how to get started in this journey specially if I have to put a 20% down payment for the deal to produce some cash flow.

I will say that the small bank I use did NOT make that requirement of me in order to extend a healthy line of credit...and it seems a little petty of your bank to coerce you that way, considering the amount of biz you are already giving them. 

@Chanakya J.How healthy would you townhome cashflow be after the refi?

They primarily produce diesel fuel

What that means is I love numbers and figuring out the patterns that produce results. 

Is there a template I can follow to analyze a property to see if it will produce positive cash flow?

@Brandon Kiel congrats on taking your first step just keep on walking and producing actionable steps every day.