I've gathered that just from talking to a couple of tenants in the area..In the beginning I had a title check done and a city tax lien showed up from 2012 in the amount of $4,100 with interest accruing .27 cents a day so I thought the lien was $5,926.35.

I found biggerpocket on a free ebook on amazon kindle and love everything about it, been listening to 1-2 podcast a day and just doing massive research on everything there is about real estate investment.

They said they charge 1.65% (+$395) of amount funded, "... but provide proof of funds $1,000,000!"

It will only need about $1-2k to make it rent ready and once rented t will rent for the same amount as the property above.

I tell them that a one-bedroom apartment rents for that amount alone.

I wish to cash out refinance, out of my VA loan, what is my current primary residence in order to generate some capital towards the 20-25% down payment on the investment property, and free up the complete amount of my VA loan.

We had agreed on a price and I had already gotten pre approval for a loan amount that exceeds the sale price but when the bank found out it was a half plex they denied my loan.

Typical syndication returns can be 8% preferred returns (favor LP - you get paid first up to this amount) and cash on cash returns of 8-10%/yr and IRR of 18-20% over 5 yr typical hold.  

Here's the numbers:Single family house in NE San Antonio. 1,456 square feet, 3 bed 2.5 bathPurchase price: $105,000Rehab; $20,000Hard money loan: $112,500Cash out of pocket (From HUD stmt):$12,500 (down payment)$2,250 (points)$385 (lender fees)$892.50 (title fees)$1,320 (insurance)-$2,001.34 (credit for unpaid taxes)Total: $15,346.16Actual rehab cost: $19,678.12Hold time until rehab and refinance complete: 98 daysInterest expense: $3,020.55Refinance loan terms: 30 year adjustable rate mortgage at 5.75% interest fixed for 5 years at 85% LTV and 1 point.Appraised value: $164,500Cash-out refi amount: $139,825Cash back in my pocket after lender fees, title fees, down payment, interest expense, insurance, etc are all accounted for: $5,389.50Now the place is rented for $1,200 a month and I figure I'll pocket about $200-$300 a month after expenses and mortgage payments and in the end, no money tied up in the deal!

On a side note, we have been pre-approved over the amount of price ranges we have been targeting.We came across a beautiful 4 unit/8bdrm townhouse (built in 2016) in a desirable part of town.