I have bought single-family properties without visiting them, but I had a trusted realtor, contractor, and partner visit them before pulling the trigger. 

Right now the market in my area is booming and I am pretty confident I could pull $270,000 on a sale of the house.

You’re also unlikely to get any decent financing.If the property is already zoned for 4 units then you’d need to pull permits for the work already done, have it inspected, and redo any work not up to code....which would probably be a boat load of work and time.  

I pulled lists looking for a home for myself, but was considering wholesaling those that don't check my boxes.

I was wondering if I should pull out equity via a cash out refinance or HELOC.

What’s the big pull for visitors?

@Bertha Spezzia - Are you saying that there is a permit violation or that you just noticed that they did certain work without pulling permits?

My partner and I have had our eye on a property for a while but never pulled the trigger because we were hoping the price of the property would decrease.

I've seen reports of other markets pulling back or slowing down. 

Lol..Spoke to my mortgage advisor who says I can pull out 25k at 3.15% or 35k as cash out refinance at 3.25% 30yr.Since I don't have cash now for down payment, am i crazy to think I can use cash out as "cash", then finance what's left?