Does it need enough work that it will not pass a conventional mortgage appraisal, thereby limiting yourself to cash buyers?

If there are two borrowers, then of course if a POA is used it would be limited to one borrower...If both borrowers were available and/or decided to attend they would both sign the loan and therefore no POA.2.

They actually have pretty limited reach as of now and focus primarily on major metro areas.

@Devon Shives,Your situation has a lot of potential, but here’s a thought: A cash-out refi could work if you’re confident you can use the $30-35k effectively for your next property, but the higher rate and payment might indeed limit your borrowing power for another mortgage.Consider these alternatives:1.

Find what will work for you and for your family and study it.  

That will leave you with limited funds to actually purchase the house.

Most investors focus on what can they buy now with their available capital instead of simply what is the best investment for their capital without limitations. 

He studies markets and publishes regular updates on which markets are the best for your goals.Use the search bar.

You are wise to limit your scope to a particular type of company.I have been in the industry for the past two decades, and from my years in the business, I can recommend a couple of other companies outside of my family. 

We just discovered a crack in the concrete slab foundation that is a borderline major problem:- It is a vertical crack about 1/8 inch wide that is at least 9ft long, which is causing a 3/4 inch drop in the flooring and some evidence of old (luckily) limited moisture and termite intrusion. - BUT, it also appears old and probably a symptom of the original house settling.