@Wesley FryeWhat’s the expiration date of the contract?

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

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.  

Even if you try to put a dollar amount next to each item and you don't have much experience, you won't be that far off.

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

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

.: Quote from @Chris Seveney: @James WiseI was sitting next to a doctor at a conference who did a private money loan and lost $$200k then he did a jv deal where he became co-owner of a LLC, gave a personal guarantee on the asset and put money in the deal to buy it but didn’t put a lien on property so partner went and leveraged the assets as well and ran off and dr had personal guarantee.They then bought a property and renovated half of it then decided to knock it down….I had a successful shoulder surgeon ask me to list his apartment building that was under-performing.

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.

Pets all the way.