I think you had the almost one in a million situation.

Overall, I do not feel good about the situation.

Hey @Stephanie Medina, this comes up fairly regularly and is really an individual situation.

You really need to talk to a tax advisor in this situation.

My name is KeAnna and I am a beginner real estate investor ready to go all in and change my financial situation.

As the owner of a property management company in Washington, I have encountered this situation before.

I'm digging myself out of a bad financial situation.   

@Ellis Moyewe really don't know a lot about this situation since there aren't many details in your post... but i don't think this makes any sense for anyone involved here...if it's a flip that's not selling, refinancing may not solve your problem and allow you to pay back the HML in fulland typically a sub to buyer wants a low interest rate... and if you refinance now you won't be getting a low interest rate, you'll just be getting whatever the market offers.and finally.... the vast majority of loans are NOT assumable. 

I'm in a unique situation in that my uncle has "given" me his old house after he relocated to be closer to his siblings.  

I'm considering giving the existing person who lives there say $50 for 30 minutes of their time to look inside for a few minutes, chat about their situation to see if they meet at least the minimum for consideration for being a tenant, etc.