The scenario is that we'd use our own cash for initial down payment and some reno... and then refi and hope to pull out equity to repay ourselves and get ready for the next deal. (The reno costs are a very rough estimate... just trying to run scenarios and experiment with the process). However, the calc doesn't really show much about the cash out options. Are the numbers below showing the cash out? The difference b/w the "Total cash needed at purchase" and the "Total cash invested" should be the cash we could pull out from the new equity?
*This link comes directly from our calculators, based on information input by the member who posted.