It was highly recommended on a BP thread many years ago.I don't do subject-to's, but just be careful. 

I am looking for an appreciation and to cover most of my mortgage.Also any tips how much such reno could cost are highly appreciated.thank you

I have a home that is an STR in a highly desirable tourist destination.

This can get complicated if you are racing against time between getting it sold versus the banks take over.Can you get it sold at a high enough price to pay off the mortgage or is the owner under water?

Clair-Mel: This area offers affordable investment opportunities with high rental demand potential.

Replies are highly thanked. 

Let's assume you did put a high down payment, on a refinance lenders will cap you at 80% of the new appraised value, leaving you with little to no money on a cash out refinance.

My wife and both make a high income for our area and I feel we could save about $100K per year to keep buying. 

the loan before June and stop giving moolah to this bank. 8.675% is too high anyway.c.

She always spoke highly of them to me in terms of quality and service.