Seems odd in this market they wont do a refi period. 

It was in the basement, so as long as it didn't destroy the floor system above I hope it would be ok.

We recently have refinanced to go into real estate investing, as we had a very large amount of equity and wanted to hopefully speed up our path to retirement.After discussing multi-families and placing offers on properties it is almost un-reasonable in the area I am in to invest in a multifamily due to the amount of work needed or the price listed right now.This brought me to looking into vacation rentals and possibly getting into condos to start in high traffic vacation areas that are close enough to me so if I needed to fix something I can be there in a couple hours, but far enough where I wont be able to clean them regularly.I have listened to advice from a few sources and decided to schedule a meeting with my CPA, who has done wondering guiding my parents in BRRRRs over the years to allow them very early retirement.I also have the opportunity this week to talk with a very passionate Vacation Rental guru in the area I am looking.What questions would you suggest asking these people when it comes to your first vacation rental - I have a list started but I know I am not covering everything important.

You wont be the last to walk away.

An incontinent cat can destroy all the floors in a house.I don't actually disagree with you on pets, just want to point out that it's not all lollipops and rainbows.

If you have experience coding you might say it wont take you that long but all it takes is one deal to pay for itself. 

I've talked to commercial lenders and they wont do it.

The fact that its a rental at that point wont affect her debt ratio much either way as you will have rents to offset the mortgage payment, so if her debt ratio is good prior to the home, it should still be good at the point of refinance.Once all is done, rinse and repeat your way to many homes!!!

However a big positives to landlording in Japan is that your property is not likely to be destroyed by the tenant or vandalized during a vacancy.I wish I could attend the BP meetups, but 2 hours away on a weeknight makes it rather tough, especially because if I stay to the end, the  trains  stop running before I can make it home.

@John Casmon  Totally agree  verbal commitments are not raised moneyyou need to be like the airlines and over subscribe.. you will have fall out.investor wont like the deal.. deal took to long to materialize and money got invested somewhere else.bad news in the economic world investor spooked going to sit on cash.