He and I have traded messages and his advice is consistent with the deals I have done and the advice I have received from tax or RE attorneys when I discussed the matter with the attorneys.IMHO - 1031 deals are not a place to push the creativity unless you are prepared to fight with the IRS when they deny your exchange after the fact.

From my conversation with bankers, someone who is looking to get an equity line on their home from a bank with no credit will almost always be denied or will have a ridiculously high interest rate.

if they have enough sense to deny my offer they have enough sense to give me a ballpark of what they may want for their house

Hi @Eric Fernwood , @Denis Ponder, Thank you so much for the information.

I have never had 1 who denied giving it to me. 

Most owners want to stop foreclosure as soon as they can, but there are those that will deny it is happening until the end. 

I'd hate to furnish 2 apartments and then be denied the license to be a airbnb rental operator.

I like to renovate a little better than the other units in my area so mine stand out a little more.Re:refinancing: you should run the numbers on those different scenarios and see if you're comfortable with the expected cash-flow + benefit of leveraging this property into others.IIRC, you cannot deny any Section 8 renters so it's more a matter of them applying vs you allowing it.

Then send them a generic response:Dear Tenant, your maintenance request is denied.

Not to long ago my mobile home broker was telling me has had 700+ credit score applicants denied for mobile home loans because of varying reasons.