I am sure you saw the press about the 800 sq foot home that sold for 2 mil in the Cherry Chase neighborhood.

Here are a couple of problems you are going to run into when you try to get it REFI's:1 - You're going to be hard pressed to get a loan under $50k2 - ...this is the big one, if you will already have seller financing in place, and that seller financing has a lien on the property, you are going to be even harder pressed (I would use the word "impossible") to get that REFI loan. 

Thanks for the input everyone...I'll press forward for now!

If you didn’t include that cost in your original analysis you would be hard pressed to include it later.

I will never to be pressed in any transaction.  

Hot off the presses, the best places for flipping homes, and Jacksonville not on the list. 

I used to send cards that were pressed with ink that would look like they were hand written.

Their government is running the printing presses full speed, resulting in money that's worth less and less every minute.

It looks like he found his exit strategy: California Investors Rushing to Own Limited Opportunity Investment Properties in Tennessee Rare Opportunity to Own Part of a Multifamily Development in a Rapidly Growing Area FOR IMMEDIATE RELEASE PRLog (Press Release) – Aug 22, 2008 – SPRING HILL, Tenn. – California property investors are quickly acquiring property in the 15th fastest growing area in the United States, conveniently located near a major General Motors Saturn Plant and just minutes away from the Nissan Corporate Headquarters and a Verizon Regional Headquarters.

I am a big fan of NOLO Press self help law books.