Hello BP,I have been a very active private money lender since 2014. 

If it's not assumable per the documents ask him to reach out to the seller (now his lender) to see if they'd consider letting you assume the mortgage.

Talk to them and give them a list of available properties that are comparable to show them what the market is currently like. 

What are the comparables in the neighborhood looking like?

When everything was finished, I made just over $2k.My second Project's anticipated profit is around $30k (I followed the "rules" on this property), compared to an initially projected profit of $35k.We just started my third project.

Can I find a lender to refinance an investment property that is fully paid off?. 

Pick a market that fits your investing goals, then build your team (investor friendly agent, lender, PM, contractors, etc). 

However, as far as comparing it to antiques and art… Normally everybody knows the “asking price“ is a starting price it’s not “the price”.

However, lenders typically need to see that debt payments have been made by the other party for a certain period of time to remove it from the DTI (12 months usually).

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?