You see I’ve always had a way with numbers and a good head for business (at least I think I do), and I figured RE investing would be right up my alley.Through a combination of BP’s calc and my own spreadsheet, I was analyzing dozens and dozens of deal and was finding some great results, at least on paper right?

For example using easy #s, if I'm considering offering $100K for a 4-plex and the 4 existing tenants have combined security deposits totaling $4k, should I offer $96k, making an allowance that I (as the future owner) will have this liability?

I may have gotten lucky (combined with working my a-- off to find deals), but I'm happy with them.

You can often find a coupon and combine it with the sales that occur around holidays.

The cost in engineering fees, permitting, commissions, attorney fees, market analysis and development, utility engineering, water / septic concerns (possibly even having to build a sewage treatment plant), architectural fees.......etc... just to get to the point to determine if it's feasible is absolutely staggering. 

Mostly I find the refinance LTV combined with the low refinance appraisals prevent me from extracting all of my investment.So if you choose to go OOS here is some advice: Familiarize your self with the 50% rule.

There are some lot fees in the neighborhood I am looking in, but the deal could still rent for more than the combined mortgage and lot fee amount. 

Beware of mold remediation companies, there are a lot out there that will try and scare you into paying a bunch of money for more treatment than you need.

Fairly new to this and although I understand how to run most of the critical calculations to analyze the deal the part I am struggling with is understanding the best methodology when it comes to the "Refinance" portion of the deal.There are (2) extremes:Option 1: Take the full LTV that is offered even if it means running cash neutral/negative as it is buying the next house and the combined income of the (2) houses versus one is more than just the one.

This new information would require the property to have a fire suppression system, as well as a paved parking lot with a combined cost of ~$45,000 which no longer makes the property BRRRR friendly.