I want to do a cash our refinance to a 30 year loan to get the monthly payment down and to use the cash to pay some high interest debt that I'm cleaning up. 

There was a murder in the house 5 years ago and the backyard is against a funky motel and mobile home park that is getting cleaned up.

Hmm I guess it could be unethical, but if it's a clean deal and the agent know's it'll close quickly, I could see it being more advantageous to a distressed home owner as well.Yeah an extra $5k doesn't exactly move the scale for someone making that kind of money.

There difficult to tear off and clean up is worse.

And pay for title insurance to make sure you've got a clean title.

The home is pretty clean and doesn't need a lot of work.Can anyone give me some advice on whether they'd invest here or not. 

That seems like a clean cut solution to me. managing it is another thing  you would have to deal with and that also seems like a long shot, especially with the short term rental options. 

You're going to earn the deposit by cleaning up a trashed place.  

Or is the slate wiped clean and you start at 0 with the new property?

On the other side of the spectrum, what if the seller says the house is in "perfect shape" and is "rent ready" and then you go and it's actually a hoarder situation and needs a clean out of the house and yard on top of your rehab prices.