That will help you move forward in the path that best fits your needs and not waste your time pursuing strategies that sound great, but not work for you.

I want to be able to borrow against this somehow to give me capital to work on some other development plans that I have.Anyone have any advice on how best to pursue this?

Like someone else mentioned, if you took concessions for the issue they will produce the documentation and get your case thrown out.You can pursue an as-is sale, make sure you disclose this issue.

It's lender specific, so I'd recommend pursuing the refinance with a lender that doesn't require it in your case.

If you have no other experience I'd say you should NOT pursue this for now because it will be hard.

In a gentrifying area, you can also find BRRRR's and flips - if the value is there, it can be worth pursuing.

It allows them to pursue bigger deals for less of a raise and stack lots of properties hoping some will be winners and not losers.

Hey Mary - I think a lot of the refinance options will have too low of equity to pursue a cash out refinance.

@Alex Capozzolo are pursuing a 4 unit building, but the lot size only allows for 3 units.

The LLC also guaranteed a number of months rents and was going to hand me the substaintial non-refundable deposits from the tenant.Ultimately I decided not to pursue the property.