If the loan is with a lender that doesn't prohibit subordinate financing you might be able to get the seller to carry back the difference between 75-80% LTV and the existing loan balance.  

However you cannot do work that otherwise will require you to carry a workman's comp policy to cover anyone getting hurt.

My thinking is that any competent investor would not carry on without getting an answer on this looming issue, even if there is a small chance of contamination.Any input is appreciated.

Lee, I can see carrying a negative cash flow for a while, your right that in X years it will be paid off and will be a boost to your retirement.

I am not sure how far the exception carries but I believe it may be enough to request a payoff and perhaps open up a dialogue about purchasing their debt.

If houses are cheap, then it is easy to carry multiple mortgages. 

Will cost about $60,000 more in carrying interest, but buildings are about $400,000 cheaper per our manufacturer, versus having waited to order now.F. 

@Joe S.The only way to scale up if you do not want partners is to bring a lot of your own capital to the deal.On occasion, maybe you will find an owner who will carry some paper to reduce cash required.

Most banks will lend 75% of the purchase and if you get supplemental financing, like a seller carry back, they will reduce the amount they lend to you.

Richmond is way overheated right now.Tossing around either Section 8 or maybe doing fix and flip to other investors and I carry the paper.Thoughts?