Unless there is significant equity in the property 50% LTV may not be enough to payoff the current underlying mortgage.Now here are the exceptions to lift the COB 50% limited LTV restriction:- you inherit the property and it was transferred into your name either via legal award from a domestic partnership/marriage - you have been on title for 24 + months- you took title to the property that was transferred from a partnership or partnership like entity (LLC, LP, etc) that you can document the ownership of 25% or more in- you lived in the property and have been on title for atleast 12 months as a primary residence- you have paid the mortgage for atleast 12 months - or you can demonstrate a relationship with the obligator (domestic partner, relative, family member, etc. )If you qualify for one of the exceptions you are not limited to the 50% max LTV  when considering fannie/freddie conventional cash out refinances on a subject to transaction.

Ive got a small upper kitchen i've been remodeling after 15+ year tenants I inherited (smokers) left.

Or is there more you were able to look into to be sure you were inheriting decent tenants?

My big why is to leave either real estate properties or money for my 3 kids as an inheritance.

This is also a reason I tell people to not buy a home and inherit tenants that they didnt screen themselves.At what point does your "luck" be considered good process? 

We inherited the houses, and we need to borrow against them or pull some of the equity out - none of which we qualify for, credit wise...

I've inherited property in Park Slope, Brooklyn via a trust.

Currently have a small inherited condo in Southeast Florida.

Just bought our first house hack and inherited some month to month tenants.

Personally, I do not B&H in Lehigh as there isn't much of a draw there.SWFL Update - Cape Coral, Ft Myers, Lehigh, Naples (biggerpockets.com) Thanks for the SWFL update - I'm currently trying to decide what direction to go with a property (land) we recently inherited in Lehigh Acres.