Prepare with YouTube videos, let them know you are coming to do a "preliminary evaluation of the problem" to "assess repairs and schedule vendors".

It helps that I use a very good tax professional that can determine the legal write offs and provide direction to reduce future taxes.Looking into paying the owed tax is at least worth evaluating as an option. 

In the past, I have adjusted the due date, set up 1099 type tenants on a quarterly payment schedule, requested (and received) 2-3 months rent in advance, sold the property via lease/option, etc.I get that the norm is rent due by the 1st, late fee accrues on the 6th, but this tenant's situation apparently doesn't fall into the normal category, so ask the question, then evaluate whether you can live with (and accommodate) the answer.Good luck!

Hello, I’m a first time multi family, 5+ units, investor, out of state properties, and understand how to evaluate the property.

My wife and I need some help evaluating a potential investment property in my old hometown.

Have a termite inspector evaluate it and he can give you an idea of the extent of the damage and can give recommendations on treatment.

My Gf's Dad is already somewhat of a real estate entrepreneur and does his own evaluations but I'm by no means as experienced as him.

Generally speaking, I see the majority of real estate analysis done using the deterministic approach we're people essentially use assumed averages to evaluate a property.

Is the purpose of the refinance to re-evaluate the homes appraised value and leverage against it for another flip the a HELOC OR home equity loan?

As with any REI you need to evaluate the individual investment or fund for what the risk points are and what are the mitigating factors for the risk.