Rental

[Fibian Berkeley]

We own a Townhouse that we've rented to the same tenant for the last ten years. Now they're moving on and  we need to do some maintenance but can't afford to to do so.  Any ideas on some strategies we can use to raise some funds or sell "as is" to get out from under it. 

[Robert Smith]

Offer the home as an owner financed handy man special. Instead of taking a large down payment you can take a smaller down payment and allow them to work off the rest with sweat equity. One risk is shoddy craftsmanship, but if you already have to fix the home in order to get rid of it that may be a risk worth taking. Is there no equity in the home you can pull from with a refi after renting it out for the last ten years? I would look there as well.