But at a $1.5M asking price, as long as you don't have to spend more than $300k in rehab (without raising rents), this is a slam dunk deal that should easily be financed  at 75% LTV by a "investment real estate-friendly" bank/credit union that is located fairly close to the properties.

I applaud Brian for personally reaching out to respond to the situation and make sure things are addressed going forward. 

SwissPMG can assist you in your property search, underwrite, acquisition, rehab and property management here in Columbus, OH.

We roll 100% of rehab costs into the loan package with 4 draws for licensed contractors.

Until now I've focused on distressed single-family and small multi-family properties for rehab into rentals (BRRRR).

There are a few that do not have any seasoning requirement on a cash out refinance as long was there was rehab completed on the property.

After a rehab budget of $20k, We resold for $355k which was the highest recorded sale in the community EVER!

You definitely want to use a thorough screening method like rentprep.com that gets their income, credit, background check, and call at least 3 references (make sure to verify them by address/job and then their name).  

Are you looking to do more rehab projects like this (either house hack or not)?

I am currently looking to Purchase and Rehab a House in the North Dallas and DFW areas.I am eager to Network with fellow Investors and Professionals in the area to explore Opportunities for Collaboration.