Fix it up, get the lien removed.

Unfortunately, the friend did not fix the A/C properly, but he was able to invalidate the warranty from the original installer.Also, while I haven't experienced this myself, I have read cases where judges have claimed that tenants have equitable interest in a property that they updated.

I have experience gutting my first home and have practically fixed everything all the way to the studs.

One small sticking point for me are the monthly fixed costs. 

Hello BP,I have been actively speaking with a guy regarding Real Estate Investing, Fix & Flip to be more accurate.

I’m Leaning toward the helo because I can get  fixed rate for up to 60% LTV for 20 years and keep the 3% primary loan as a safeguard against falling rents, if that ever occurs. 

for fixed assets I have bought timber land in Oregon in my SIDRA and that worked great.. 

I am wondering what forum members would do.The house will likely sell for around 155kI owe 55k on first, and 50k on secondMarket rent, is likely around 1250 a month.Roof was done recently, it will need a hvac sometime soon.But other than that its been a low maintenance house.My mortgage payments with taxes/insurance on a 15yr fix at 3.25 percent is 800 a month.I am 5 year into the mortgage, and pay down about 400 a month in principal each month.Thoughts?

I am primarily interested in WHOLESALING and FIX AND FLIPS in the Central Jersey area.

Do manu houses work for long term buy and holds or better as a fix and flip?