I've been trying to figure out what the "TLDR" of this is, and how it impacts people acquiring and unloading of real estate (no use of the word "buyers" and "sellers" here, because we're not talking about "purchase" mortgages... so everyone is just a "borrower").TLDR that I've figured out: that means I can call it a refi even if you don't own the home yet, but the new mortgage amount can't be for any more than the current mortgage balance of the current borrower (current borrower can't make money on the end-transaction, no room for realtor commissions, etc).

I am starting to wonder if the owner wants to unload the property before summer hits and his tenants crank on their window A/C units.Feedback is appreciated.

Any suggestions for unloading this? 

I was able to get ahold of the seller and it turns out he is trying to unload quite a few on this street that he has bought over the years in order to do a 1031 exchange.Each duplex he is asking $214k and at that price he still has 4 left that he hasn't even put on the market/MLS yet.

The numbers for future rental: (using bigger pockets calculator)Purchase price - $45kLease option fee - $3kDown payment @ 20% w/ closing costs = $11,200Future rent when graduated = $925Principle & Insurance = $170Property taxes per month = $108Insurance = $85Flood Insurance = $150Vacancy @ 3% = $27.75Repairs @ 15% = $138.75Cap Ex @ 15% = $138.75No property management as I plan to unload the property before I scale up. 

People buy land at tax deed auctions and sell it online, for some reason ebay is a popular place to unload it.

Are there investors out there looking to unload some properties?

Check on the lumber liquidators website for the requirements on the gypcrete for wood flooring. 

I figured that somewhere in there is a very upset asset manager with a property they want to desperately unload.

You're already there with tools unloaded, trucks driven, etc.