Hello all, I have been a PO for the last five years in the big apple (NY).

Most people are good people, it's always a few bad apples that spoil the bunch. 

Compare apples to apples and oranges to oranges.

Now we’re considering a cash out refi of $140-160k, pay the rest of the downpayment on the new build out of pocket, and holding on to this NW Austin house given the insane appreciation of this neighborhood in particular (next to Domain, close to Apple campus, lots of outdated homes that are now being flipped).

To answer your questions, I am not naive enough to expect this, but I am naive enough to not know the answer to this question, and ask it in this forum.I do not do this at my job, but that's an apples-to-oranges comparison, as I work a salaried position that affords me a high degree of autonomy and flexibility in deciding when I work and working at irregular hours does not equate to more money for my firm or myself.

I agree with @Mario Dattilo and Roger D Jones.I think the only thing that I would draw emphasis on is what Mario said because unless it has a separate tax ID number it is not an apples-to-apples comparable.

Can the SEC seize and liquidate personal assets the Cohens have fraudulently obtained and use those funds to rehab the properties, lift the code violations and then refinance or sell them? 

The profit shown is pre-tax, given my tax bracket and my investor's could be different, just makes it easier to compare projects apples-to-apples. 

Because some of these bad apples causes trouble doesn't mean we should turn our backs on the community as a whole.

I believe we have underwriters in this forum - just wondering how underwriters analyse their COMPS even after we listed the best 3 as Apple to Apple - though more than 1 mile BUT  within the same market bcos most COMPS considering SOLD properties around your subject property would be the same as those that needs renovation.