Would Suspended Loss still be a factor if the property were a flip instead of a rental?

Factor in the property management that I would use, it drops to 7.7% cap. 

When working my ROI Math how does one factor a cash out refi in to the mix, because in my eyes by the time it goes through (6months) I will have a loan on the property with essentially zero out of pocket as I put my own money back. 

If you are flipping, that may give it a nice pop to help in creating a wow factor.

@Carlos RodriguesWhat did the lender tell you is the factor preventing you from qualifying for more?

The value of the property is only one small factor of the deal.

I am checking with her on those figures now and hoping someone has an idea of the factors for the area...

Make sure you have factored them into your cash flow calculation. 6) Is there any kind of HOA (unlikely but worth checking) and if so, what are the dues?

The nicest factor about a HELOC is you only pay on what you use and you only have to pay the interest not the principal.

Say you do want to go ahead with this purchase, I'd be curious if the property came with tenants, if there are repairs you could make to increase the rent, and if you have factored in closing costs.Lastly, CoC works well to calculate a yearly return, but it won't capture the benefits of the renters paying off your mortgage year after year.