Typically the lines of credit are interest only, so although your payment will be lower - you will not get any principal reduction unless you put more money toward the payment, which you could do now to pay off the debt.If you wanted to do something "crazy" to get started - why not sell one or both of the cars and pay cash for a cheap car? 

Spent 5 weeks on improvements - a total electrical rewiring and total HVAC re-ducting (units aren't that old, but weren't maintained), and a bit of handyman work. 

I am not asking for a one-size fits all, magical pill with this post.

I use two sources for the same property.I use the 1st source to get my cash I put in back right away..to use on the next deal.Ist Source:  Actually this is a Loan of CreditSeasoning Period                                    NoneFees upfront (actually buried in loan)     $175ARV                                                           70%Minimum amount of Loan                        $30kTerms                                                      3.925%; 15 yrs amort; balloon in 7 yrsI use the 2nd source to payoff the 1st source and reduce my monthly payment (min $100/month reduction) from the 1st source2nd Source: True Refinance Mortgage (can cash out)Seasoning Period                                       6 monthsFees upfront (actually buried in loan)         $2800ARV                                                               75%  ( I usually cash out)Minimum amount of Loan                         $50kTerms                                                        4.5%; 30 yrs amort & term

Third investor is willing to Take the deal but wants a reduction in price. 

loan; 2) apply a principal reduction to the principal balance; 3) reduce the interest rate and the credit accordingly; or 4) have the credit remain the same, resulting in cash to the borrower." 

In the LLC as the owner it would reduce the basis as an ancillary income allocated to that transaction, actually a reduction to costs.

Only your side so who knows who is right or wrong.What I know is, if I have had to bring up the word eviction with a tenant they are not a tenant who would be able to come to me later and ask for a reduction in price.

Talk tothe lien release dept of IRS and see if they will negotiatea reduction since you have a marketable contract.You will get transfered around till you get the right deptand person that can help you.

However, that would be almost a 50% reduction in the sellers ask, and it sounds like he's not that motivated.