The attached 2 car garage was converted to living space by the original owner.

Plus the original $875k = $1.025M Gross to seller. 

I regret posting this original post. ultimately, for an update, we invested wisely (I believe).

We who knew and liked John were at first shocked and then saddened that he had "gone over to the dark side". those pump and dump schemes are still alive and well originating out of Utah.. 

Finfi.co is a loan servicer Brian Page uses and Universal Acct Servicing or Thought Axis is the loan originator company.

Or can you convey that original acquisition of this right to collect the delinquent taxes, which you then effectively exchange for the Deed if the redemption period has not been executed - but kept the same holding period?

Here is the link to the Mortgage insurance removal for Fannie Mae originated loans.

Hi @Taylor Robertson,To answer your original question, most lenders (private and conventional) will refinance an investment property up to 75% Loan to Value (LTV) of it's current value.

Originally posted by @Brad Eckhardt:I’m trying to get into single family home real estate and I have been trying to get a feel for the type of cash flow involved.

Originally posted by @Emily Beatty:Adam and Zach, Thanks so much for contributing to this conversation and giving everyone so much more to think about.