Quote from @Eric Prescott: Yes, I understand that appreciation often means less cash flow and good cash flow typically means weaker appreciation, but there is a sweet spot where there is decent appreciation and sufficient cash flow to cover expenses so that the property pays for itself, and that is what I'm honing in on. 

Is there any way to get PennyMac to lower the payoff amount, at least to just the principal amount, enough to cover the partial claim, satisfy the mortgage lender and be able to afford to relocate my family (I only need $7,000 to $10,000 to get a vehicle/uhual and move my family, and that includes the new place)?

It would be great to connect with those who have already covered some distance on a similar journey as well as those who are just starting!

@Shannon Mogilinski which areas do you cover? 

DSCR stands for Debt Service Coverage Ratio, which is a calculation that determines if a loan's income covers its annual debt service. 

After 8 years as a director in the kitchen and bath retail space, I'm bringing my positive energy and relationship building to a wholesaling firm covering Los Angeles and San Diego counties (we specialize in single family homes priced between $400-$1.7M).

I got them to cover one of my rentals in Jacksonville that has a 1996 roof.

You will need to completely cover all new flooring for protection as well. 

These agencies often cover vacant or under-renovation properties.

Just make sure you’re prepared to cover any shortfalls on that property and have a strong plan for deploying the new capital effectively.