These are typically viewed as long term management free vehicles that provide national corporate tenant guaranteed income with no hassle.I assumed that she wasn't really interested in developing a portfolio or even being a landlord. 

With a home equity loan you can borrow against that difference, some banks allow up to total of 100% of homes value but typically best rates are 80% and below. 

you typically do this at least a week before the sale and verify the amount owed to a lien holder to try to make sure there is not an accidental foreclosure sale of that property. 

Investors typically only see dollar signs.

Essentially the same offense, vastly different outcomes on paper.

Option 2 will cost you attorneys fees, filing fees, service of process fees, etc.... some of these can be collected on the back end if you get a judgment, but the attorneys fees typically aren't collectible. 

Also, I'm paying cash for them so once we fix them up I'll cash out REFI and essentially end up having no money in the deal. 

My typical management fee is 10% and my steepest discount is to 8%.

Alternatively, if there is not enough width for an island, you could add a peninsula between the kitchen and dining room and essentially have a u-shaped kitchen.

Thank you.FHA rates are typically lower, you’re almost awlays going to be refi’ing into a higher interest rate.