You do still need to get it inspected through the Rental Housing Inspection Program, but that's pretty easy.

Currently only 335k left on the loan but the property at the time of refinancing appraised for about 550k.Are there any options for them to utilize equity maybe or some type of loan program that would put a lien on the property to get the issue fixed?

We provide housing for Homeless and Addicted people in underserved communities, and in an attempt to revitalize our Downtown area, and expand our Program (part of it is home ownership and entrepreneurship) we need to be able to buy adjudicated properties, or have them donated, then have the finances to redevelop and repair them.

We provide housing for Homeless and Addicted people in underserved communities, and in an attempt to revitalize our Downtown area, and expand our Program (part of it is home ownership and entrepreneurship) we need to be able to buy adjudicated properties, or have them donated, then have the finances to redevelop and repair them. 

institutional financingfannie green program How did you add value to the deal?

I think the bigger question for you now is whether the time feels right for getting started on your first BRRRR.If you were ready to get started, but were short of your all-cash goal of $80k, there are loan programs that can finance lower purchase prices in the Detroit area.

Sec 8 is a voluntary program and you absolutely can refuse to accept it in all but a few states.

The programs are created for investors who buy distressed homes, repairing them and then either selling them or holding them for rental income and flipping the hard money loan to a long term DSCR loan where the rents will underwrite the loan.Program availability vary by state.

I came across eCornell University Cert Program and saw two programs that stood out for me, Commercial Real Estate and Real Estate Development. 

If for some reason HUD called tomorrow to tell you that you were removed from the program, you would still have to pay the full amount.Tenant: "But, I don't pay that portion."