You should be able to refi at 80% LTV, but this will only be for the sake of getting rid of the MIP.  

If it needs any real work, and you have the title for it, you can try throwing it on craigslist for a couple hundred bucks, or call some mobile home moving companies to see if they'd want it, and/or how much it would cost to get rid of it...

Let me know what you guys were do, Our gut is saying to pull out but looking for opinions we would have to pay everything and all past due per condition of bank because they are ready to foreclose on current owner which is a friend of ours. multifamily sale from bank - 132,500 costTo aquisition home need to pay 12500 in past due payments and growing past due bills on home, Taxes are up to dateWater + sewer $5019.98Currently receiving $150 daily fines from city today is day 6 - $900Needs about 4-5000 to get rid of the fines and fix problems the home has. total acquisition and get home in ok condition : $19319.98Total cost of home $140k about Comparables as is at about 160k 165k Should be move forward or should be back out.

I'm thinking of refinancing my home to get rid of PMI and hopefully lowering my payment by $200/month.

There's huge value in getting rid of her commercial landlord beyond just the rents you'll collect.

Wouldn't the bank want to rid itself of it?  

I have 2 unfortunate mortgages against my home I should never have taken out, (borrowed to invest in rental property) now with very very low income from rents only and no job, I am afraid of not being able to have a free and clear home anymore, my goal is to get rid of those 2 mortgages as I cannot afford them but I have 2 free and clear rentals that I have owned for 9 years.  

If it's not prescribed and you explicitly stated in the lease agreement that they were only allowed 1 pet in the property, that's when you have more options like telling them they're in breach of the lease and having them resolve the issue by getting rid of one of the pets or complying to any additional pet fees you may have.

I have never had any luck convincing smokers to stop smoking in their rented apartment or home.What that in mind, I would not use the term "smoke-free" within their hearing until I wanted to get rid of them.Full disclosure: it took me four hard years followed by an ultimatum from my then-girlfriend, now-wife to quit smoking for good.

I would get rid of it and not make that mistake again.