I told him I can do the deal at 151,000 and no points on the loan.. too me he’s seems like he’s trying to milk the deal for all he can..

I have a suspicion these posts saying to go for it and this will blow over are going to age like milk.

Dispite the fact that Security Bars are on every door and window, they put the little kids through the milk shuts and then the little rascals open up the door from inside.Question: Is there a cost to remove the appliances?

This is a common scenario where landlords milk the property and don't put anything back into it, then it's run down and has a lower value but if they've owned it long enough, it may not matter to them.Just keep looking, the whole area is full of houses I'm sure...As far as your offer being denied, don't worry about it, happens all the time.

But I can't see it actually making up for the extra interest (and fees) you pay on the HELOC, which you don't have to pay if you simply make the extra payment on principal from your paycheck.As for the statement that what you pay from your paycheck is gone, and the HELOC instead makes money available for emergencies or investing as you recycle paying it off every so many months, well, there's a simple remedy for that: Take out the HELOC and just do not use it except for those emergencies or investments.

@Lawrence Eddy, I know it wasn't your question, but as Alex suggests, your best strategy might be to milk this rental for as long as you can and use the savings you have to purchase something that will cash-flow sooner.

Maybe google "recycled countertops".Some great articles show up giving you pros and cons.Could even be an extra selling point, going the eco route step by step.

Our bank didn't want to touch it, and who could blame them when they are milking that interest rate.

That is like saying because you can flip pancakes you can milk a cow.

When you are going to refi to recycle your capital, you are going to have even more of an issue.