they had open wires without junction boxes sitting in insulation.  

amazing way to build up primary residence tax free equity, with minimal downI would say that cashing out CO is the best option:  the market is so hot, and equity is no good just sitting around, might as well use it, especially in a place like Troy or Albany where there are tons of reasonably price properties... and cash is king, especially if you want to try the BRRRR strategy on your elbow grease!  

Here it is, are you sitting down?

Reasons may include a failure by the landlord to provide peaceful quiet enjoyment of the premises to the tenant, defects in the property, failure on the part of the landlord to make a legally required repair, or a host of other reasons which seem to come out of left field and astound the landlord when the breach occurs and the tenant is demanding a refund of the prepaid rent.

Sit down with the branch manager, describe your plan in summary, and ask if they can put you in touch with their small business lending person.Be prepared to write a full business plan including 3-years of financial projections.

Where sfh if the tenant moves out your sitting at 100% vacancy.

Neighbor states that there are young men who loiter outside all the time, sit in cars all the time, etc...When receiving complaints I have driven by and find the property has 1-3 cars but no one outside and nothing like the situation he describes.  

It does need some work but mostly cosmeticsHere are the property details:Purchase price: Owner doesn't have one1987 14x60(singlewide)2/1rehab cost: 2-3Kowner holds a current mortgage with a remaining balance of $18,600fixed rate at 6%PITI:$400property tax: $588Land value: $18,900(sits on a double lot for a 9,000sq/ft lot)Building Value: $22,200Projected rent: $850/month plus utilitiesComps: It sits in a neighborhood of mostly doublewides and modular homes so my comp pulls were insignificant The seller is not overly motivated.

While many in the military community will talk about buying a house at every duty station and then retiring on the rental income after a full career, that takes a long point of view and a willingness to let the property sit with little impact to your bottom line for many years.

My firm handles several hundred tax lien foreclosures and if you're not cracking the whip every day, some bum is letting whatever it may be sit on his desk for several weeks.