(whatever) I, too, was a multi family guy and the results on my health, pocketbook, and family were horrible. 

This is the dilemma I see in seller financing.  

Since then I have had some health setbacks that kept me out of the game and set me back a little financially. 

Slobs are going to be slobs.If it's not causing a safety/health hazard, it's not worth stressing yourself out over.

So here is my question/dilemma. 

You can possibly qualify for a partial exclusion if you had a valid unforeseen reason to sell after only 3 months, such as health, divorce or job change.

I ve seen many people loose health and even die from mold related issues. 

By blind luck, I began RE investing around 2008 when the village idiot could make money. 34 years of saving, lucky timing and military health insurance definitely helped. 

I sure have made some risky financial decisions like buying vintage cars to rent out to movies out of desperation but it was a smart move and has paid itself back in money as well as days towards my health insurance and pension (SAG-AFTRA) and will continue as long as they film movies in NYC at least.        

Hello,I have recently started shopping for lenders to have a cash out refinance for a second home in the Catskills.The home was bought roughly 10 years ago for $125k, we did about $60k worth of renovations and its current valuation is at least $250k.A family member with declining mental health owns the mortgage with $89k left to pay off at 5% and we would like to restructure so there are no financial ties left.Due to a spring fed water source, we have limited lender options.I spoke with a recommended local lender who claims due to us renting the home on AirBnB (we have a filed Schedule E for income on this property) it would only qualify for a commercial loan, subjecting us to a higher rate (5 - 5.75%) with variable rates after a set timeframe.Are we stuck with strictly commercial financing on this property?