There are 3 types of zoning here, "regular rental" (just as it sounds), "regulated rental" (max 5 occupants, in rooms- typically for student type housing), and "rooming house".  

It had a long history of no payment but it has had approx 5 months of regular payments. 

So this would just be a regular cash out refinance.

@Jane Jones Your best case for negotiating the rent down is to pay the $50 for the background check/income verification check and let them see how qualified you are.You have to understand that PMs deal with tire kickers on a regular basis and they have an application process for a reason.

My mother is a realtor who is nearly 60, exercises regularly, but wouldn't stand a chance in any sort of hand-to-hand combat.

Repeat until you find what you are looking for or become convinced it is not attainable.

Bought a white-picked-fence forever house while in involved with a biz startup, had a regular job and nice schedule, but soon needed more excitement.Now manage a lakeside tiny house development, involved with property management, association management, real estate sales, social marketing and basically my little LLC owns me> Argh!

I typically stay in the regular forums and have content there by answering questions.

hello, i'm an architect working in manhattan (originally from ohio) and really want to delve into real estate to attain financial freedom by 40...i like freediving, reading and metaphysical films :-) 

I consult regularly with my clients on the use of the 401K and IRA funds in real estate.