As for the refinancing, I would ensure that you're running numbers on loan to value ratios on your investment and also your primary that your extracting cash from.

My view is that it is a “rule” if you are to extract your full investment via the refi.

Makes flipping more risky and seasonal.Very tough location to extract a streetwise tenant.

Not sure if you'd see that anywhere other than the kitchen, though - and you said that it is in more than one room ...Maybe it could be wallpaper related, if they had (or planned) wallpapering.Since it is REO, it could even be former occupants extracting some "revenge" upon the bank in the form of "abuse of house".

Oil extraction costs in different places, including new sources of oil such as tar sands, oil shale, deep sea oil drilling, etc.c.

Most likely, you'll get the best results with the lowest down payments you can manage.If you're going to try to extract cash out of the company each month to make your HELOC payments, you may find the company is barely better than break even.

That said, it is possible to make adjustments on the sales comparison approach from data extracted from the income approach and the reverse holds true as well.As an example, let's say there weren't enough data to show what buyers would be willing to pay for a 3 car garage house versus a 2 car garage house (in this example assume everything else is identical).

As long as you are clear with your strategy and the price you'll pay, you're able to extract value regardless of whether it's before or after repairs.Good luck to you!

Ryan it's difficult for me to extract that out of the market, even with a bunch of comps to use.

No I don't feel you should be angry.This isn't a pocket short sale listing from what you are describing.The servicer for the loan as part of their PSA agreement probably stipulates the property to be exposed FULLY to the market to extract the most value.If you do not have a buyer brokerage agreement with this agent your a CUSTOMER and NOT a CLIENT.If you had an agreement signed with you as a client and also the seller then when doing the purchase and sale they could select dual agency if allowed in your state.They could also bring another agent in for your side or fill in the contract with you being the customer and the seller the client.There is also implied duty with the lender on a short sale as the bank is taking the loss on the loan and approving the sale or it doesn't close.It sounds like you are looking for a needle in a haystack and now you are upset competition is involved.It happens.