I have a good friend to whom I'd like to give some good advice.He was recently let go from a job (of 25 years) where he made $50,000 and had the exclusive use of a nice house. As severance he has a guaranteed salary p...

You have NOT less than 200kish cash? 

CA by the beach with wife and 3 kids worth working for.

Anyone who quit their W2 for REI had the ability to probably withstand and succeed from 2 real estate cycles to where their paper net worth is huge but their liquidity is still tight and getting tighter with increases in everything price wise.

We're looking at buying an STR to self-manage but with rates and prices where they are, the cash flow projections are dismal.

Purchase price: $485,000 Cash invested: $10,000 High Visibility Corner Retail Location. 3800 sq ft, 2 story building.Potential NOI valuation (after repairs, finishing) = $1.4MDue Diligence happening now, seeking Qualified Cash Buyer

(yes, we should have done more diligence on her being a partner and not as a friend) We agreed that our share in the partnership will be based on the cash each contributed.

Its likely worth shopping depending on who your first lender was. 

The best option right now is a cash-out refinance, but if you're sitting on a low rate it may be counterintuitive. 

I am looking at doing a cash out refinance / portfolio loan for 25 years at 7.5% interest on 5 of rental properties.