Recently Inherited property

[Lawrence Snipe]

My father recently gave me a property and i want to use it to start investing in more properties

this particular property needs roughly $5,000 in upgrades to fetch a $1,000 per month.

Should I refi the property in six months and use that money as Seed money to acquire more properties?

[Whitney Hutten]

My question is more around, is this home in a good market for rentals? If we assume yes....If the home value is $65-75K, needs $5K of rehab, and rents for $1000, potentially in 6 months you could refinance out 75% of the home value. If that ARV is $100K you have nearly all of your money out.