Mainly that ifyou will be limited to the amount of….Your purchase price + closing costs (costs when you purchased the home) OR....75% of the “After Repair Value”…WHICHEVER IS THE LOWER AMOUNT (super important)

There won't be much cash flow at the end, but you'll have a significant amount of equity once the refinance is done.

I feel like it would take many more doors to get back up to that cash flow amount ...

What is loan amount?

Tell them they’ll need 10-15 years minimum unless they have the amount of money said above

We'll cut to the chase, here's our dirt.The Facts: Ages 51/44, Married, w/10 yr. old childOne steady income 45KOne low income & fluctuating (self employed only 2 years but growing slowly)Living/ renting in NJ (Very expensive market, 2 family units sell over 500K)Fair amount of debt 37K (Car loan, 2 CC, Medical bills)Just getting by each monthCombined 401K's =  150KMy 401 (100K) can be transferred with no penalty to a self directed IRA (I had opened up last year in hopes of using some cash to invest in RE) We are determined to get into REI however we're probably going to need some creative ways to do it with our current situation.

I also don't know how I could verify numbers (a.g. the amount paid to the wholesaler), since there is no HUD involved as it is a cash sale.

But by that point, they could just close, or just pay the arrears amount, if the time for that hadn’t run out.

If you borrowed 80k and the building is now worth 120k, and cash out refinance at 80% Loan to value your new loan amount would be 96,000.

It sounds like the one you are working with has fair amount of deferred care.It is better to do it right and do it once.