Hunkering down a larger chunk on a first time deal locally though is risky in my eyes.

What eyes can see mind believes.

It was a very eye opening experience for him.     

You just have to keep your eyes and ears open at all times.

Prepare a detailed investment proposal, then find an angel by advertising, networking at investment clubs, or sending a personal appeal to folks in wealthy neighborhoods.Open your eyes, wealthy people are everywhere.Charles Parrish

When was the last time someone put eyes on the inside of the property?

You have to be able to find the value of the property through the eyes of others looking beyond the present value. 

Maybe she has another client/friend who has an eye on the property, or maybe (no disrespect intended here) she's like the majority of Realtors who know little about really "selling" a house (beyond slapping it on MLS) and even less about investing profitably in real estate.Thank you, all.

Originally posted by Anthony Lewis:Value is over 1 million I only owe 240k.Obviously, the value is in the eye of the beholder as you probably don't have any comps to establish that value.The best loan you could get would be from someone who would want to keep the property in the event of default based on what they would use it for, IMO.If banks make a loan on a very unique property, it will be heavily based on the baility to repay, they are not a pawn shop.Obviously it is a hard property to market, how else would you have won it at 240K?

I don't pay a lot of attention to markets that are WAY outside of my own, by I have been keeping an eye on some of the Canadian markets, because my day-job company does quite a bit of business in Canada (and the markets just interest me in general.)