Over the past few months, I have been looking at properties across MA and now have concentrated my research in both Worcester and Fall River areas. 

If it were me, I would concentrate first on whatever rehab you need to do, if any, to get the property up to full occupancy.

The areas that do have meaningful inventories of homes at the 20k price point are going to fall into the worst areas in Akron.The graphic below shows what I mean.Areas shaded darker have higher concentrations of 20k properties. 

So when I decide on an area to concentrate on I first visit Netronline.com this will give you phone numbers and links to assesment websites.

The lack of offers is a bit concerning, but that is probably due to the fact that it is a single tenant property so there is less room for forced appreciation and more concentrated risk. 

In my retirement I am concentrating on making Daily Cash Flow and not Creating Wealth with Buy and Hold rental properties.

(nearly everyone on the planet will sell their house at some point....station yourself correctly and you can make money off it no matter how or why they sell)Be direct, to the point, and concentrate on the benefits to them of working with you rather than the "features" of what you intend to do.

At the very least, remember to take a moment to relax, take many deeeep concentrated breaths (the type that make your head a little dizzy) and you will feel much better.

I persoanlly would concentrate on getting the property closed on and then worry about what way to refi.

. ($1250 will be in vain)With this math, the value of a great list will be worth at the very least $750 plus value in the market place, more concentrated motivation, and much less tire kickers.What does the BP community think?