you cash-out refinance after title seasoning and get 70% of ARV (200k) back so in your example you would get 140K back and have 60k in equity left in the property. 

Seems like rental purchase lending in the last recession dried up some but maybe that was related to the type of recession it was and the previous trust everyone had in equity appreciation prior to 2007.

They get a percentage of your change in equity from the time you sign to the time you sell.  

There are loans in which borrowers pay lender PMI, and just because they've reached 20% in equity on their home, the lender is not required to terminate the PMI -- the borrower in this case would have to refinance with another bank to eliminate the PMI.

In the scenario where you leave all of your cash in the house, you now have an additional $3,000 in equity.

Major bonus - the buyer got the 3% in equity that normally would've gone to a middleman.With utilities here and probably all over WA- the city has the right to lien w/s/g against the property, but not power.

At closing I have my attorney draft a letter showing that the seller has a payment coming in equal to or greater than the one going out. 

Or, try to nicely persuade the current renters to move so I can sell it to put my 15k in equity towards a 12 to 18% ROI property?

I have around $100k in equity.

There are incredible financial inequalities.