Repeat borrower looking to cash out refinance a newly renovated property located in Jacksonville, FL. Property is appraised for $142K as-is, and is currently receiving a monthly rent of $1,150 where the market rent is estimated at $1,350/month. Sponsor on the loan has good credit and bank statements reflect sufficient liquidity to meet the reserve requirement. Loan is structured at 75.00% LTV presenting 1.30 DSCR.