The MIL has owned the property for 4 years and there is no mortgage (purchased in cash by her grandson; I raise this to you in case there are capital gains implications for MIL and DIL when the latter sells). 

We have an estimator tool where you can view various appreciation and settlement scenarios so that you can see the numbers for yourself without providing any personal information upfront.

You are in TX so you have the ability to buy decent turnkey new builds in San Antonio right now, with less cash flow up front, but hopefully scalable appreciation.

During rehab process the bank sees us with; 2 mortgages, 0 rents, and 1 income (spouse not working) and would be too risky. 2 mortgages will make us at borderline break even cash flow with existing income.

Looking for cash flowing single family homes in the Portland, Beaverton, Newberg, Salem areas of Oregon.

I will live in the home for 1 year and then reevaluate whether to make it a cash flowing rental or simply flip it.

Cash flow cash flow cash flow.

Cash out refi usually requires a seasoning period (eg. 1 year before you can refi) but can vary lender to lender

Purchase price: $350,000 Cash invested: $25,000 Second Property

I might be interested in paying all cash for it.