Also, the knowledge in these local courses is much more relevant than the national courses.

The result is a stronger financial position and more flexibility in managing the property.

To do the cash out refi I want(leaving more cash in the deal than taking out) I would only have a $200 increase in the PITI.

A bit of a more advanced exit strategy, but one that can be extremely profitable when implemented correctly.We spent $18k to clean out the place and then we turned around and made $40k after cleaning costs, closing costs, and commissions.

For example, if rental income stayed the same for 5 years (just hypothetical) at $100,000, and your cash flow from operations went from $10,000 to $30,000, then technically you are becoming more efficient at receiving cash from your overall rental income. 

Your difference might be more. 

You can simply google NACA and find their website and information to learn more about it.

I am in Indianapolis and there is a lot of great opportunities for flips but I want to know what challenges to be on the look out for. 

@Jerome Morelosno offense but... this doesn't make a lot of sense to meHELOC rates are high so for this to work you'll have to give them a great return to make this work for them...way too complicated for my taste

Someone had mentioned that the option they want is WAY more expensive than an owner's policy of title insurance.