This may appear to be a lofty goal but I am hoping with some advice from all of you and hard work I can accomplish this dream.

The goal I am working toward is the cash out refinance and knowing that the bank can't call the loan due gives me some peace of mind knowing I can shop around and not rush the refi.Thomas S. - I could certainly pull up to the 75% LTV limited by the cash out refinance rules.

Goals!

@Miles StanleyI agree with @Brent Coombs the idea of BRRRR is to get most of your Cash back to start a new purchase.The goal in BRRRR is to purchase distressed properties at a discount, force appreciation (rehab) and use as little of your own cash in the process. 

Leave rooms unfurnished, supply basic (kijiji quality) furniture in the common rooms?

In Maryland those include, Taxes, Front foot assessments, water bills, ground rent and other less common ones.  

What are your real estate goals?

In your area those may be very common.  

You need to see if that margin meets your investment goals and can give you enough contingency for a major repair if and when it happens.

Henry is a wonderful negotiator, firmly had his investment goals in mind and was totally prepared to make offers and close deals.The investors that are best prepared knowledgewise and financially get this best deals.Very proud to have spent time withHenry...i think we learned a lot from each other.