As long as it cash flows you leverage cash and still do good on the up cycle.If the bank wants big down then you have to really hammer them on a reduction to justify injecting precious capital.

As mentioned, you're in this one for the long term relying on appreciation and established equity.Looking at financial ratios, like cash on cash or ROI are rather meaningless with no cash injected and assuming debt.

The likelihood that you could buy out the investors from refinance proceeds alone isn’t likely to work mathematically unless you inject a lot of your own capital.

@Tim Soto - Congratulations on your new acquisition.Clearly, you demonstrated a methodical approach to this purchase, in that you knew the neighborhood and its potential, stayed calm when another buyer attempted to purchase property and failed, remained firm with your purchase ceiling, had dual funding plans and your to do list was ready to take action as the ink dried upon purchase.Thanks for taking the time to outline a step by step methodical approach to REI, without injecting emotions in the transaction.Good luck with this purchase and your future acquisitions.

The reasoning here, by the way, is that if you are injecting value into the IRA, you are making undocumented contributions to the IRA and increasing the tax sheltering benefit of the plan over the long term in a way that is not allowed.So, when it comes to property management, is is OK for you to make decisions, sign contracts and handle expense and income transactions on behalf of the plan.  

Without capital you need to rely first on entrepreneurship as that can manage labor.Any capital injected by others will have risk assumptions about lending their money, wouldn't you?

Lots of overhead too with mortgage/capital injected + HOA + other costs associated with high-end/luxury units.

Reminds me of "shark tank" and talking about growing a business with equity injections...

The cost of injecting epoxy to stabilize costs about 80K here for a house.

But be cautious since hard money lenders are not only expensive but they are angling for you to fail so they can take your project and the injected equity.