I am having trouble finding a lender who will allow me to cash out the difference after paying off the remaining senior lien at closing and wanted to see if others have any insights.

That all ties in to your financial status and what else you might want to do with that money.  

Either way, my point remains the same.

If designed correctly, the loft floor joists could act as a big Collar-Tie.

In addition, I know that if you don't follow each letter of the law it may require you to start the eviction process from the beginning, providing the tenant more time to remain in the home and costing you more time and money.

I understand that a typical rental analysis takes the monthly rental amount, sets aside 5% for vacancies, estimates 50% for expenses, and then makes sure the remaining 45% pays debt service and leaves a profit.But I've noticed that mortgage calculators often include insurance and tax payments in their monthly mortgage payment estimates.

You spend the next 6 months rehabbing with the remaining 60k and have paid 12k in mortgage over that period.

The market in my city is VERY expensive but I am tied to this location for personal reasons. 

Hi everyone! It’s been a long time since I last posted on here… life is a rollercoaster. Since I first got turned onto BP in 2016, I purchased a triplex on northwest Washington State. I house-hacked it, and it has pai...

I think this is why this listing remains on market and hasn't been snatched up.