Most lenders will cap the LTV at 75-80% of the appraised value, which means pulling the full $545K may be challenging. 

Challenges?

The challenge is the that you need to have a plan for the property that will allow you to improve rent collection, lower expenses or build the equity.

Evictions follow the same process from county to county in NC, however some counties are slightly more challenging than others.

With a Condo, couple things to note:1) Financing can be a challenge, but as long as the building is in good condition, you should be fine.

Challenges?

However, the challenge with MTRs lies in the CC&R (Covenants, Conditions, and Restrictions) and HOA (Homeowners Association) regulations.To proceed with MTRs, it's crucial to carefully review the CC&R to ensure that leasing out a portion of the lot to tenants is permissible.

@Lexi BlocksomI'm sorry to hear about the challenges you're facing with your property.

Speculaion is challenging, but sometimes hindsight can be 20/20. 

Hi Dave, facing foreclosure can be challenging.