I purchased my first rental property and it needed a complete renovation.

Example if a house is forclosured on $350,000 but the value of the property  has a potential  of $800,000 to $900,000 depending on comps the the property would start the Auction sell not on what's delinquent but at 67% of value.

@Joshua TellesDepends on the interest rate you can get and the equity you have.If your rates on your existing properties are lower than today’s rates then it does not make sense to refinance for higher rate debt.

Can you provide more details on what the property is like?

Ideally, we'd love to find a duplex or multi-family property with the potential to live in and rent out.

It would be similar to a charitable gift.In a conservation easement, a real estate investor “donates” development rights on a piece of property to a qualified charity, public agency, or land conservatory.In return for the donation, they get a tax deduction as if they gave cash to a charity.Let's dive into the basics.Let's say you buy a 20-acre piece of real estate that includes a 5-acre self-storage facility.

I've currently got 2 multifamily properties here with 5 total units -- I live in 1 of them.It's been extremely difficult to find multifamily properties that meet the criteria that I'm looking for through the MLS, and when I do, they're extremely overpriced.

Also how much is the first mortgage and is the property even worth keeping?

I know this property inside and out.

I want to present myself as the property manager rather than the owner.