Personally I would call a few banks tomorrow and find out who can do a cash out refi, and get their criteria run your deal by them.

As far as whether to hold/sell/etc your land, I suggest running the numbers for specific cases and comparing the options.

I am already using LoopNet, but I think I need an actual broker that can run comps and help me analyze deals.

If you can't, because the seller won't allow it, then pay your own title company to run title in advance before you plunk down your deposit. 

I'm supposed to sit down with the accountant/mentor and run through a couple of scenarios to figure out what I want to do.

Here are the costs to address the issues uncovered by these experts: 1.Wood floor and wall in the middle unit: $44,000 + tax + $2,800 for permit, but engineer report is needed for a formal quote.2.Roof above the middle unit: $8,000 + tax + $800 for permit + ply wood;3.Sewer line outside the building (see estimate): $7,365 total;4.Sewer line inside the building (see estimate): $21,663 total;The total cost plus 10% contingency is equal to $100,000 in repairs that I cannot afford to pay and still be able to fulfill my obligations to you and to the tenants that will have to be displaced for the duration of repairs.In addition, the appraisal came in at $275,000 that is considerably below the $340,000 number.Proposed solution: You will complete all the electrical repairs and ensure all three units are brought up to current code including the outlets.You will have the stucco repaired on the exterior that was damaged by the electrical proof.

I've run across a property that has two 4 unit buildings on one property. (8 total). 

Though I'm not new to investing and finance (it's probably an equal interest with software engineering) I am a total newb to real estate: I've only ever rented and own no property.

The list had over a thousand properties most were junk but I found two that were worth buying and both turned out to be home runs - beginners luck.The one most important rule is know the value of what you are bidding on.

Hi all,I'm an architect in Utah and run my own architecture firm.