Its an existing house with septic , and the sewer stack is already there .

Here’s a quick breakdown:Cash-Out Refinance: You’d pay off the existing mortgage (the $45k balance), get a lower interest rate, and pull out the additional $20k.

I personally think this advice is more for the high saturation areas vs those of us in outside the mainstream areas. 

Does anyone have any experience with financing a clean and sober home that is already in existence? 

is the 'gravel' on the shingles coming off (ie are there bare asphalt shingles)? 

I even find myself looking at public records to understand what liens might exist on the property that I might have to assume when purchasing it, and these public record sites are not very straightforward to use.

Then what's the reason to have a "real" study if it exists as a backup option anyway?

@Jimmy Patel increase value of existing properties. 

This approach is probably your most expensive path.Consider buying existing homes and possibly renovating them if you want to be a landlord.

The perfect tenant does not exist.3.