I would also be happy to pay a finders fee to anyone that refers me to a high quality handyman that I end up working with.Regards,Jake D.Key words - Lacey, Tumwater, Tacoma, Construction, Framing, Shelton, Seattle, Puget Sound, Oly

Rural and low quality type assets is a tough nut.Only local banks and credit unions in the immediate area would likely look at this.

But just speaking for myself, it's been a great learning experience, and a crash course in effective property management!

Really depends on the quality of the job that was done initially. 

Did you ever speak to any of those lenders?

Base on your calculation, $6K x12 = $72K/YR, then minus 12K/Yr(Tax, Ins, Mx) = $60K/yr then divided $783K, looking at cap rate (NOI) 7.6% which is high compare to the bay area cap rate.Usually high cap rate (8-12%) = high turn over tenants (Crappy tenants) lower appreciation.Lower cap rate (3.5 - 4%) = Quality tenants and high appreciation.Been an investor in/out of CA for the past 10 years, I will always pick bay area.GOOD LUCK!

I think knowing that is extremely important and will give you a better quality answer!

So use that as a measuring standard when speaking with a lender that is willing to lend that low. 

You don't see the significant blight in 21206, 21214 or 21234 that's prevalent in Bel Air Edison and because of that, you'll get a better quality tenant.https://www.google.com/maps/place/Belair+-+Edison,...

Generally speaking, it almost always makes more sense to go with a private money lender if you can.