The best solution (new first, a second, wait for seasoning) will vary based on the specifics.

That way, if does work out and you profit that will be a bonus.Like you said, it would be hard to have to kick him out.A better solution may be to buy the house from him and help him move into a place that he can afford.

Hi Fellow Investors,

EDITED BY ADMIN

Thanks,

Eddie Cruz

You will benefit.About Me: In business for ten years, office in Orange County, active CA Broker's License, reliable.

With your skills you could bang out a solution before you could arrange a purchase online.

But that doesn't mean I shouldn't try and find the best financing for it.I know I can do a rehab loan and cash-out refi immediately, but I was searching for a cheaper solution in terms of preserving equity or maximizing cash out.

Here are two great places for items that are more marketing related.Display solutions for office, showroom, lobby, tradeshow or homesalewww.siegeldisplay.comPromotional products: Pens, Shirts, Wallets, Mugs, Flashlights, Clocks, etcwww.4imprint.comJosh

Is the only good solution to this problem replacement of the wiring?

The developer has offered to get creative in helping them take these units down with seller financing or any other creative solutions I can come up with.

Considering that this post is a couple of months old, you may have found a solution.