Up until the bedbugs, there was not any meaningful improvement despite counseling.

@Collin Savunen this question is really hard to provide a meaningful answer to other than it depends.

Zip codes are too large in most markets to be meaningful.

The intention would be to perform any necessary rehab once the title has been cleared to get it rent-ready and then refinance the home to extract the investment along with some of the equity.  

I don't know if the worst areas of oildale will be gentrified in a meaningful way, maybe, it will be interesting to watch what happens.  1000 to 2000 new jobs nearby certainly will not hurt.  

For example, any meaningful analysis has to deal with the Installment Land Contract Law ("ILCL").

In addition to the plan setup, most quality providers of such services will offer meaningful support to help you navigate the tax code as you make investments. 

If you collect any meaningful amount towards what he owes consider it a win. 

Sounds like you're trying to extract max equity? 

And the banker told me if I join Chase private client, they can do a cash-out refin on my current house and extract $290K out of it, so I can pay the investment house all cash, and they can do 3.75 for a 10/1 ARM loan.Should I do it?