I used a private lender because this property was a "3 Season" cottage on a lake and didn't have heat or insulation, and therefore wouldn't qualify for a conventional mortgage.

I would first check what the building is assessed at. 3-4k in taxes for a mixed use building seems crazy low.

This would also have a benefit of having 3+ properties that you could use for vacation during off seasons/empty days while still making you money overall.

See other posts about this, as soon as the listing shows up, seasoned investors offer up their honest feedback.

In today's very low interest rate environment, something in the 6-8% interest rate range usually works for both parties.

Looking for an investor friendly Realtor to help me sell a low value REO property nre Quarry Park.Thanks

This seems like a lot of money to tie up for a low profit.

I have only found as low as 75k for stated, everything under 75k is full doc.

Investor physician with strong income and low personal debt looking for solutions to refinance some of portfolio and pull out some equity for further investing with history of Foreclosure on personal property in 2012. 

Check with your lender (and several others) to see if they have a seasoning period before allowing a cash out refi.