Out of curiosity, where are your European properties?  

Wow, your investor is getting some of the most favorable terms I've ever even heard of, maybe I should try that in my area.Out of curiosity, what's the ARV?

I drive through there at least twice a month out of sheer curiosity every time I go to Little Tokyo - just to eye ball the transition.Those homeless encampments in downtown LA are (without sounding insensitive) are living on borrowed time. 

The way i see it, i will make about 4K on the house annually, which is an 8% return on my cash investment while accruing capital appreciation. 

Out of curiosity.

I was wondering, out of curiosity, if one could do a subject to (assuming the numbers work) and do a rent-to-own on something like this. 

If the homeowner (funds from closing) pays the tax lien, accrued interest on the lien and 2014 taxes.  

and a higher rate98-9%) if they let it accrue until sale or maturity date, then gets paid at sale.

My main curiosity was just if the bank would require money down on a refi in a situation like that and you answered my question so thank you! 

Won't be any discount from Fannie, just accruing taxes, insurance, interest, etc.