Because the sponsor can fix up the property and drive income, they can likely produce a 14% to 16% IRR, but initially a fairly low cash on cash return, say 4-6%.  

I have owned the property for 2 years, I have done about $33,500 worth of rehab and raised rents almost 17% since the initial leases. 

Since this was my first deal pretty much everything past the initial lead call and appointment was a new experience.

A little background on myself, and I am 26 yrs old and initially worked in the venture capital/ hedge fund space for 3 years before doing consulting work for a reputable turnkey company.

Using conservative numbers, you can easily make a 20 to 25%+ return on your initial investment in your first year.

I want to initiate a law suit for non performance.

The best I could Do was hide the last name and show the last initial. ...but good to know that you guys already have me all figured out and are so insightful you have already determined that a) I have a drinking problem and b) was so eager to go off record. 

A lender can help you with loan work-ups for both the initial purchase and the refinance.

Hello Bigger Pockets community, wanted to ask what is the best strategy to get the most money from refinance after initial cash purchase?

I do have a different initial estimated building value on the tax form for the quad and the single families.