I'll double check to see who we've reached out to and if Shelter Insurance was one of them.

The above is true UNLESS as second lien holder you have an INTER CREDITOR AGREEMENT with the first lien holder. yes those making loans behind HML are taking on huge risks. 

If it was originated recently an option would be to have them refinance it - but if it’s a low interest rate then they will most likely want to keep itWhat does your operating agreement say about this?

He came to me to see if   I would be open to co-owning the property.

When crunching the numbers, it seems to make more sense for our situation every time.

The information contained in this post is not to be relied upon.

Would love to talk and meetup for coffee if you're local. 

This way when they try to low ball me I have my own appraisal ready to go.Or - should I just request a PMI cancelation from Citizens bank and wait to see what their appraisal comes back at.Or - am I going about this all completely wrong?

Happy to chat about your project to see how we can help. 

I would have to pay about $25,000 real estate commission to sell, and probably about $5,000 in other costs.