[/u]Primary home, currently being rented (moved cross county)mortgage 150k - approx appraisal value 200k = 50k equityq: can i cash out refi to buy more properties?

:[/u]Hard, real costs (eg $$$ being paid out)[u]Principal PaymentInterest PaymentProperty Insurance PaymentProperty taxesMortgage InsuranceManagement feesMarketing feesRemodeling expensesRepair expenses[u]soft costs: real but not $$$ paid out):Vacancy adjustmentAdditionally, should I be pretty happy if my rental property rents at twice PITI?

Thanks all, glad u liked the story.

IMO, our rights as Americans stop at the waters edge, putting that film on U-Tube, to me, that a reasonable person would understand that it would be offensive, that it would be seen in other parts of the world and that it would insight those offended, especially since we went through this with Terry Johnson (FA self proclaimed minister burining the Koran).

You can bet with all these layoffs foreclosures continue to rise and we are hitting a second wave of rate resets going into 2010 to add more salt to the wounds.

@Mindy Horowitz Sent u a private messageJeff

I have licked my wounds and have started out on my own again as a GC doing everything from storm damage to flips for others.  

I can't speak for other investors, but I am personally much more interested in a town like Bloomfield, where ARVs can exceed $400k and there is demand for nicer homes, but where there are also run-down properties your u can target.

If u think about it, rehab goals are to get ARV which is close if not FMV which at lower end, entry level new housing is often not that much difference in pricing.

But I did run into a guy a few days ago that said we investors are unsung heroes and I just wanted to share w u guys....