In chatting with a few mortgage brokers, I appear to be limited to 65% LTV, as a "cash out refinance" for a non-owner occupied property.   

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The worse the condition and appearance the lower the rent the property will command.

Most people seem to avoid the conversation about all the Real Estate risk takers that played the biggest part in the housing crisis.A few years before the bubble burst I was encountering real estate investors, house flippers, and buy-and-hold participants everywhere I went, my waitress at The Cheesecake Factory, the two McDonalds employees talking deals on their lunch break, the clerk at the grocery store, everyone everywhere appeared to be a real estate investor in one form or another getting a piece of the housing boom.The underlining problem I noticed was during the rush to get into the RE industry most of the people capitalizing in the industry never learned the basics of RE investing and were simply doing what their friends, neighbors, coworkers, or online postings told them to do to get a piece of the pie.

This attracts a lot of out of state investors who think that the low barrier to entry and high tenant pool equates to high cash flow at double digit rates as it would appear on paper. 

It appears to me that a lot of people are going to that area.

It does appear there is a 15-day grace period, and it links to the statute itself. 

Appears well-kept.

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