Following this thread as well.

Should i sell my business to get this money?

This was a turning point in my life.

This is the real estate cheat code in my opinion. 

the ONLY true way to reserve for sub to melt down is to have the money in the bank to pay off the offending mortgage full stop any thought of trying to refi etc is just wishful thinking sellers credit will get hammered while you go through the process.

My problem is that this house has a negative cash flow. 

can anyone you know in person vouch for this lender? 

This can be helpful if you expect your property to become profitable soon.Save It for Later: If you don’t use it this year, you can save the depreciation for future years when you have more rental income.

Hope this helps. 

Try to do this BEFORE you put any earnest money down.