. - Hard money lenders - as i grow into this space would love have contacts in this area and look forward to working together.I am new to it all and look forward to connecting with anyone who was once where i was.

I don't want to do a traditional cash out refinance because the house would no longer cash flow and I don't have the funds to buy him out straightforward.

As others have mentioned above, the first lien might have a large payoff leaving you with little to no equity. 

However, no-one will finance this until the lease is locked in place. 

He is actually VERY qualified and gave you great advice that you initially were going to ignore:(3) Understand that no matter what property you buy, you are buying someone else's problems.

@Christopher Mooney no offense, but just waiting for your next post asking about Section 8 being the miracle cure for all landlording ails!

Only you know which locations will fit with the lifestyle part of your objectives so you'd select the places that work for you first.2.

I work in IT, Interested in realestate wholesaling.

We learned to be patient and work though buyer jitters.

My concern is that they added a room without permit(Not permitted work).