It could be sold on the open market  but that would probably result in a substantial hair cut of the value of the note.3.

However, we are now working on 6 different properties all at the same time and we have several bank accounts and this accounting stuff makes me want to rip what little hair I have left out. 

That's why you need a mortgage broker to get on the phone with you, find out the nuances of the deal and they'll let you know the best lender for your loan.I looked at a loan yesterday; a refinance in Ohio with some hair on it. 

Not all personal trainers are fit, and not every barber has their hair on point, no brand new surgeon opened up a heart before.

Maybe even decline a hair.

But what i am is an old grey hair 67 year old who has a lot of experience under my belt and is not afraid to be called a Fear Monger!  

but bringing it current and taking title sub too is something that we have done for years and years.. its hair on fire and you need to risk that your not getting title insurance so its not for those who cant afford to lose the money you would give the seller or the bank bringing it current incase you made a bone head move.

Sounds a hair high to me, but of course we have no idea without seeing the place.As @John Underwood said, this stuff is better suited to a handyman.

Most times clients hair fly through them without review.

So it's important to know this going in.Not to split hairs, but improving NOI doesn't change the cap rate, it increases your value.