With all that said, would a cash-out refinance be feasible in our current scenario, and if so....could the resulting cash be used to purchase another property for investment purposes?

My name is Arcinio and my buddy Rick the probate guy lead me to this site.I just started RE investing in the fall of 2011.

I waved but he just looked straight and ignored me.I'm confused as to what his purpose was of driving by?

Tom Kerwin,For all intensive purposes, you three have created a partnership.

Wait til I get my brokerage setup, follow their lead?

I have a couple of leads on positions with companies after graduation.

Sean Brennan, I think for wholesaling purposes, Brennan Properties LLC or Brennan Capital LLC or any other LLC with your name in it sounds good and makes you feel good.

I get leads from Wholesalers for thin deals.

I'll never forget the time a bird dog person contacted me on a lead on an 'abandoned' 2-bedroom sfr property.

:)Better read the flipping forums, wholesale will help, search for "valuation" "appraisal" will give you plenty on valuation of your deal.In the Buy and Hold area, the 2% 50% rules will lead into valuations, cash flow and rental expenses, even though you are doing this, you still need to know to present your property to other investors.