Can't win for losing

[Hubert Ato-Bakari Chase]

Greetings BP,

I need some advice. So, I have my property ready to sell. It was under contract but buyer ended up losing her approval with the lender so now I'm back to square one. Only problem, I've been paying the mortgage on it since July because I had to evict the tenants who occupied it. Long story short, I'm out of money So what is my best move.

A. Refinance it. If possible. It's a 1-family not owner occupied. plenty of equity though 100k. If I cannot refinance then this point is mute.

B. Rent it. Put it back on the market to start generating income.

C. Keep it for sale and see what I get. I'm totally out of money so this if I don't close in 30 days I'm screwed.

[Hubert Ato-Bakari Chase]

Matt, 

thanks for the insight. some background on the property. appraised for $275k

I owe$153k still. so all of that is equity. Condition is good. it was renovated in 07 and I justreplaced the roof that was 30 years old. Needs some landscaping for curb appeal. but I'm tapped out for cash. 

My goal was to sell it, take the equity out, pay off debt and reinvest.

One thing about the refi process. since I don't live in it will I be able to? It's currently vacant so I need to do something quick.