The only thing that can not be fixed is timing and location.If there is a fire that burns it down, I can rebuild a brand new for $300 k, and the new house would be worth around 2 m.From the picture of your duplex, it is in a nice neighborhood.

IE if I saw a listing @ 10%, I'd wonder what is wrong that the seller feels its necessary to burn 10% to tempt me to hard sell my client (which doesn't happen).Also, on @Paul Bowers's point, I hate language like "It won't last" and past dates.

The personal property thing is tough, because you have less protection and more ways to get burned (they could move the house and you would have to then find them to collect). 

I've personally had no experience with them and it sounds like you've been burned there, but let me know either way.Yea the try-state area is tough, because the prices can get a bit ridiculous.

It doesn't max you out and stress you out burn you out and bum you out if it doesn't work like an aggressive refi would.  

This converted church was apparently of buddhist background and incense burning was a common everyday practice leaving the entire place smelling of incense with every vent and room outlined in black soot.

I'm trying to help the owner of a duplex get financing (essentially a cash out refi) to repair fire damage, which was extensive. The amount of funds needed would equate to about half of its market value. I spoke with ...

While I might seem like a reasonable guy that won't go after them after they negligent burn down my house, I show them the insurance and say, but these guys can be rather nasty. 

Don't burn the bridge, but everyone appreciates upfront, honest people rather than finding out later that someone snuck around.   

@Brian Burns You're better off using a realtor.