The general rule of thumb on refinances is to do it if you can make back the transaction costs within 2 years.

However, we typically use the FHA-203k loan because it involves a renovation, which I highly recommend if you are looking to really boost your equity and have the cost of the renovation wrapped into your loan with a VERY LOW AMOUNT OUT OF POCKET.I like the FHA loan, but honestly, the Fannie May Home Style is an even better product at this point because you just have to bring a bit more cash to the table 5% vs. 3.5% (w/ FHA), but you have a bit more flexibility.  

Non-payment of rent is always the path of least resistance to get someone out in a somewhat timely manner.

What were the lot rents and how many lots were occupied?

Quote from @Andrea Lee: Hi all,I'm set to close on my first property ever next week in Cleveland Ohio.

Pets all the way. 

Quote from @Pat Arneson: Yes, sometimes they have a ton on their plate and need to sell some off, and sometimes there is a better spread in their eyes wholesaling the deal verse flipping it.

Hi @Shawn SmithI am a US loan officer in Toronto, assisting Canadians to secure financing in the US.

Your engineering and project management background must be a huge asset in analyzing deals and market trends — perfect for the dynamic Bay Area market.

You are about to learn the hard way (if you had not posted in here), that you are making a mistake with your strategy!