I have seen an investor pay 8k in closing costs to pull out 20k equity, so he only netted 12k and a $700 a month increase in payment.

I have seen the number increase dramatically before in other situations.

@James Miller Yes, I know you have to use the available section for additions or add an addendum to the base form to make a series LLC from the standard form to file with the state.

We even plan on having our wives involved increasing the number even more.

@Jordan Smith I have not personally went through it but I think it is a great way to get started, especially with the recent increases in prices we have had here in Pittsburgh the past few years.

Or is there a standard/usual number for cash offers?

Appreciation is gravy and you will get that with improved operations and increasing the income.

It’s a small town, so values probably have not increased as rapidly as metro areas.

Leveraging will always increase your returns, in my opinion.

. 🙄 I feel they are pretty standard for the market:Applicant must have current photo identification and a valid social security number.Applicant's monthly household income must exceed three times the rent.