it's a short sale so mortgage holder needs to approve and probably not likely until it's listed and there was a good faith effort to sell it for more.

BP faithful,If you were early on in your investing and had the option to do a 70% LTV cash-out refi on a rental or secure a 80% LTV Heloc, which one would you choose and why?

There are even some "single action" jurisdictions where the lender has to choose to pursue the collateral or the personal guarantee, but not both.If you have faith in your first two sources of repayment, then personal guarantees should not be an issue.

Hi Steve,In the California high price range there's always creative deals out there...You just need a little cash to get the seller to walk...It would seem with all your friends and relatives who most likely have faith in you... a little group investment company would be in order..call me anytime.

Try to work with people in good faith to get your property re-rented and only charge the person for actual damages you incur in the process. 

The appraisals do provide you with a good faith basis to ask for a lower purchase price so I would continue to try to negotiate price.   

Are you comfortable being a faith investor.

Even if you bought in good faith.

but again need to have a good amount of trust and faith in that model and that operator.

But..... luckily the rapport & transparency I had with the seller, along with some good ole faith, brought me a long way.