if they are pressuring you like this.PLEASE watch the American Greed Episode on Remmington Financial  .not saying these guys wont or don't fund of course.. but when I do my deals with my banks its common that I pay for the phase one and the appraiser directly..  

How long would it take for my STR income to pay for $70k in roof replacement? 

Helo Bigger Pockets folks! 

My plan is to buy the house subject to their existing mortgage, renovate the property, refinance it and pay off their remaining loan balance using the money from the cash out refinance.

@Dillon Clark-don't pay extra down on your mortgage-don't use a HELOC-save up as much as you can-hope this helps

It seems more your fault for choosing the "lying" contractors from the tenants point of view, if you ask them to pay up, I'm sure they would.

I'm going through that pain right now and my gut reaction on Class A assets is to just wait it out, pay down the mortgage, and revisit in another 5 years.5.36% is way too low.

and are you looking to walk away with cash or simply refinance (meaning paying off) what you owe? 

Most will approve after 30 days of pay stubs.

.- It's not profitable for them to search for under-market priced houses, figure out repairs needed or what other problem is pushing the price down and do even more for a newbie investor that has analysis-paralysis and may never buy anything.Some questions you'll want to share the answers to with any agent you choose:1) Are you paying cash or getting a mortgage?