Yes, that's going to make it a lot harder to find a deal that works, but better to do that than realize you're underwater on something.And if you happen to expand your search and are open to Detroit, I'm happy to share more info on that market.

Are you working with a Realtor® or a contractor, both can likely solve your problem as the agent will have access to more data and knowledge of how to run comps, the contractor will be able to give you a better idea of repair costs.

If you pull the equity out through a refinance and deploy it in a new investment, does the combination of the two give you a better return?

Borrowers with higher credit scores are given better rates and more funds from lenders nationwide. 3.

I know this is imperfect but it is better than nothing.2.

Advice from those that know better?

An accountant can explain this in better detail

They were built better back then, 

Just asking because I think that might help facilitate better answers.Although not in the lending space here in Chicago as a general contractor, we want referrals that are hot and ready to make moves! 

the prices seem to be way better than jersey.