Hi Chad,As other have stated, you'd probably get 75% LTV at best assuming you are walking away with cash. 6 months+ is the general stand for seasoning requirements, but some lenders can do 3 months.

The listing agent suggested that the Seller will serve a Notice to Quit to tenants, See how they respond, if they all decide to leave in 30 days we will close in 30 days and be done.

Any opinions and suggestions are welcome.

So, I am using a title attorney that I have a long standing relationship with.

Downstairs 2/1bth $600/mUpstairs 2/1bth $500/mProperty needs work and am asking $120kWhat down payment would you suggest?

I totally get if someone had 5 properties to have some one on stand by.

Should we walk away or do as he suggests and refinance in 8 months? 

As to your money, I would say to stand by.

That's just part of the ride.For too long, I've been standing on the sidelines, wondering if I had what it takes to tackle this beast.

Find out more about your guests and what they're into so you can suggest activities (and upsells) before they arrive.