Feel free to reach out, I'm happy to chat and discuss options :) 

We have three potential options.The first option is for me to completely owner-finance his purchase.

The best option is to respond quickly and professionally in hopes that they move out.I would give the tenant two options: 1. vacate the rental in one week, leaving it in the same condition as when they moved in, and I will refund their deposit within 72 hours; or2.

An option is an encumbrance, buy the property subject to the option at a lower price, if the optionee buys, you sell, if not, you still win.A deed in lieu of foreclosure can be had after the note is purchased at a discount.You can buy the note at a discount and have the owner refinance, same with installment contracts. 

American Banks (like BofA and Wells) actually did lend in CR pre-2008 but that possibility disappeared after the crash.

A third option could be to sell.

The agent turned down a seller financing option - although it was not ran by the seller - because the agent said the seller is so done with the property that she wants nothing to do with it at all.

But you have a few different options.

Thank you,Jerry Jerry, I recommend getting in touch with an experienced broker who can educate you on all the possible options in the investment space for cash-out refinances.

Alternatives include seller financing, a lease option, or using an LLC or trust to structure the deal while maintaining tax benefits.