Mortgage recasting, also known as re-amortization, is a process that allows homeowners to lower their monthly mortgage payments by applying a lump sum toward their principal balance.

These loan products include a partial release feature that allows them to be repaid gradually as TIC interests are sold, and ensure that the sold TIC units are not encumbered by a blanket encumbrance.- The variety of financing products available as individual tenant in common loans remains limited, and the terms are generally less favorable than either apartment building loans or condominium loans.

Some may be more flexible and allow properties in need of repair as long as there's a plan to generate rental income.

Joining a team is a good suggestion but not sure if all teams will allow you to specialize outside of the team's focus.

Line of Credits (like HELOCS) allows access to a set amount of money up to a pre-determined limit and it is revolving.

The family purchased a lakefront property in a nice area three years ago but then ran into a series of issues, and have abandoned the place because of them.They are hoping the bank allows a short sale (asking for roughly $20,000 under what is owed)Here's what's made them so unhappy:Anytime they used the laundry it was dumping into a dry well, which would back up into the house forcing them to take their laundry to a laundromat instead!!

My credit should be the highest allowable also and I shouldn't have problems with approval.Ok, i shopped about 80 lenders (based on Fridays rates, market is closed so no live pricing)Conventional Full Doc loan you would be at 7.875% if you put 20% down (you said what the house was worth, but not your purchase price). 

I would look at their policies and make sure both the coverage and deductibles meet your needs. 

@Franklin Perez how is getting a license going to allow you to access off market properties?

They have allowed me to quit my job as an Engineer.