There is no magic bullet just it takes time and a good lender that will work with you.  

My attitude is that I should get some extra revenue for the hassle but not exorbitant.You said you'd waive the fees with proof, so honor that.  

Long story to explain....You'll need proof of ownership, and an updated insurance policy in order to refi.

That last bullet point makes it a no-go for me because I need an option period to inspect the house, get contractors bids, and make sure those bids are below my repair budget.

Here are the costs to address the issues uncovered by these experts: 1.Wood floor and wall in the middle unit: $44,000 + tax + $2,800 for permit, but engineer report is needed for a formal quote.2.Roof above the middle unit: $8,000 + tax + $800 for permit + ply wood;3.Sewer line outside the building (see estimate): $7,365 total;4.Sewer line inside the building (see estimate): $21,663 total;The total cost plus 10% contingency is equal to $100,000 in repairs that I cannot afford to pay and still be able to fulfill my obligations to you and to the tenants that will have to be displaced for the duration of repairs.In addition, the appraisal came in at $275,000 that is considerably below the $340,000 number.Proposed solution: You will complete all the electrical repairs and ensure all three units are brought up to current code including the outlets.You will have the stucco repaired on the exterior that was damaged by the electrical proof.

I'm proof of that.  

The proof in that is our civil war, in which business owners fought a war to keep their slaves.

I have no definitive legal proof that meth was ever even in the house.3.

@Risa Hind I'd like to second what @Ken Badziak has said (and of course I always like a guy that BP's with a glass of wine in hand ;) I would like to point out, however, that in addition to all the taxation issues you have the issue of reserves to consider.

To truly "sound proof" you need a barrier to block the sound from passing through at all.