Who is providing 85% LTV financing on that?

It depends on what your plans for the property are. 

The members here on BP that talk about STR auto-run systems didn't install those systems and find dependable cleaners & handymen overnight.

Quote from @Iris Wu: @Steve Mitrano, Hi, Steve, do you mind providing an update on what you end of doing in this case?

CA taxes residents on worldwide income but may provide a credit for taxes paid to other states.

I am starting the legal process as we speak and depending how many more we can make this a class action law suit. 

If you did a cost segregation study on the property in the past, you may have to recapture the depreciation taken in the past.capital gain tax rates are 0, 15 or 20%There is also a potential 3.8% Net Investment Income Tax.Also, don't forget state income taxes depending on what state the property is located or your state of residency.Best of luck!

You can get a HELOC if there is equity in the property most likely, which there should be since you own it in cash, but you will just be decreasing your pay out and then may end up short in repair money, depending on how much it is worth.

I feel this gives me the flexibility to find the right solution for my client and not just sell what my bank offers.I'll also throw in my 2 cents on common differences I've seen in my career:CDFIs - Because of their subsidized financing structure, they have the ability to be a low cost lender (and sometimes provide grants).

Additionally, listing brokers represent what seller's provide them.