Screenshot emails between you and your adjuster.

We adjust the AC unit so it is not leaking inside, wipe down the floor and call it a day.

Now that we are 100% occupied and adjusting for Mortgage, CapEx, Repairs and Maintenance, Insurance, and vacancy (and Property management expenses) we cash flow $800/month.This will yeild us just above 19% Cash on Cash return in the first 12 months.

Now that we are 100% occupied and adjusting for Mortgage, CapEx, Repairs and Maintenance, Insurance, and vacancy (and Property management expenses) we cash flow $800/month.This will yeild us just above 19% Cash on Cash return in the first 12 months.

It took me almost four years to assemble the land, receive the needed zone changes, vacate easements, adjust underlying plats, etc... 

@Gerald Donaire  you can adjust the cash flow somewhat after refi by taking less equity out of the property. 75% is the max allowable for single family. 

Capital gains add to your adjusted gross income, which could very well push him into a different tax bracket by recognizing them all in the same year.  

That is an interest only at 3.75% (adjusted, in Feb it was 5.5%) of 70% LTV on a $160,000 appraised value. 

Adjust your plan to meet the facts. 

Meaning they actually improved 60 bps, but 50 went away to this new adjustment.