. :-)If the point is just to have cash you can do a cash out refi and get 75-8o%.

They eventually paid a portion of it, but not the full amount.  

Two major factors: the fact that it's so small and the associated loan amount. 

We each hold a 50% interest in the LLC.The values of each house are approximately the same, and there are no loans or outstanding debts.He wants to cash out so we thought a good strategy might be for us to sell one of the houses, and let him take all of the proceeds, and for me to take full ownership of the other one.Essentially, I am looking to swap my half interest in one of the houses for his half interest and the other one.

Most buyers are giving cash in that area.This is why folks in real estate is having rich equity poor cash problem.

This kind of doesn't make much sense since something under construction is not going to have cash flow - I'd check out hard money or "ground up construction" private lenders

I would say it is on life support because after refi the negative cash flow necessitates extra reserves.

Condo's frequently come up short on insurance claims and any unpaid amounts will get divvied up among the residents and you owe it - period.

The problem is you aren't using empathy and you probably don't have cash to solve their problem anyway.

What is it called (form or process) to have the duplex/triplex be contingent based on the amount it will cost to fully renovate/rehab?