Your CPA and Attny should work hand in hand in getting you set up initially, and so you can grow going forward.

I'm a little confused by the initial post?

We have yet to tap into it, since our initial rate as a primary residence was 3.75%.

We all hope that we don't get these people and have our personal methods for vetting renters when they initially inquire. 

) - Gross Monthly Operating Income 1,151.50 Monthly Operating Expenses Property Management Fees 105.00 Repairs and Maintenance 10.00 Real Estate Taxes 126.00 Rental Property Insurance 49.78 Homeowners/Property Association Fees Replacement Reserve Utilities Pest Control Accounting and Legal Monthly Operating Expenses 290.78 Net Operating Income (NOI) Total Annual Operating Income 13,818.00 Total Annual Operating Expense 3,489.36 Annual Net Operating Income 10,328.64 Capitalization Rate and Valuation Desired Capitalization Rate 8.00% Property Valuation (Offer Price) 129,108.00 Actual Purchase Price 119,900.00 Actual Capitalization Rate 8.61% Loan Information Down Payment 35,000.00 Loan Amount 84,900.00 Acquisition Costs and Loan Fees 1,500.00 Length of Mortgage (years) 30 Annual Interest Rate 5.250% Initial Investment 36,500.00 Monthly Mortgage Payment (PI) 468.82 Annual Interest 4,428.72 Annual Principal 1,197.13 Total Annual Debt Service 5,625.85 Cash Flow and ROI Total Monthly Cash Flow (before taxes) 391.90 Total Annual Cash Flow (before taxes) 4,702.79 Cash on Cash Return (ROI) 12.88%

I hope this post is allowed.I’m starting an initiative in Charleston, SC for children, to teach financial literacy.

Initial ARV we put on our sheet was $94k and this was based on comps but since we were a complete renovation we felt the $85k and $90k were not as nice and thought we could get more. 

So initially i was told by my loan officer that did my refi on my primary, that if i tried to do cash refi on my rentals that i would run into the 6 month seasoning rule. now after 4 months I spoke to his manager and they are now saying that because I bought the properties all cash, the 6 month seasoning rule does not apply?

You're getting $30,000 off of list before finding this out, so would you say that the house is the 'fair market value' or below with that initial reduction? 

That property could cashflow ~$20K a year....much better than that initial $100K upfront check!