This can function as your own ‘hard money loan’ that you have at your disposal at any time and you don’t need to reapply for, at significantly lower interest costs.

I have posted a significant list of lenders that will do them…use the search function.

I wish people would use the search function because this exact question is asked several times a day.The existing contract transfers with the sale and you cannot change the terms of that contract.

Is the HVAC and water heater broken and functioning properly or is this just due to age?

You would need to talk to a CPA. 3) Yes, states have taxes as well and mostly function the same as federal.  

Yield in an asset, including real eatate, is a function of the markets perceived view of risk in the asset and market.DC, and Arlington, are amongst the lowest risk markets in the entire country, and thus will have incredibly low yields on purchase.Part of that risk profile though is how much future appreciation and rent growth are anticipated in said markets.

I dont know the reason but i assume it was so they wont lose it.Now my question is, is there anyway I can take out any more equity loans in the house so I can renovate fully and sell for a much higher price, can probably pull 3.5 for a fully functional higher end house.Is this even worth perusing or should I not touch this with a ten foot pole.Thanks all, looking forward for your expertise

You may need to modify the flow as well if the property is not functional as a single family home due to the problem with flow you refer to.

If the toilet is old and non-functional, replace it. 

Property price surges up because it has a function of supply and demand.