I hope this is what you meant, as I'm a little confused about your question.

Don't confuse/mislead yourself using percentages. 

@Brent Coombs sorry for the confusion the question was poorly worded.Is 65% cash out on the refi decent or should I keep searching for the 80% cash out LTV?

This can lead to confusion with many lenders stating that the sellers retain the right to these tax credits.

If that were to happen, here's a flow chart to give you an idea of how the process might go:It can be confusing though. 

Got confused by what you meant by "grass" :)If it's the landscaping type, I've see properties listed if the only thing is the yard being only grass-ready. 

Just confused about the differences between these two sales.I do not want to purchase access to a lien that I will then need to try to collect via foreclosure.Any guidance would be appreciated.Thank you,Jasmin

@Jay YooYour post is slightly confusing as you go from Cares act, to capital gains to appreciation.I am not sure what you mean pay tax on capital gain.If you have a capital asset within a non-retirement account, you report a gain if the property sold for a profit.If you have a capital asset within a retirement account, you don't pay tax when it is sold.

I think you're confusing Cash Flow with NOI.

I have just finished my final exam and have scheduled my state exam, and am confused about how I should get started into investing.