I would suggest solving your personal financial problems first, then possibly team up with a seasoned investor for a bit to gain experience.

I think lenders expect there to be vacancies, which is why it also comes down to your overall financial picture.I suggest just simply move forward with the refi, and perhaps don't offer up more details than is asked.

In most locations that's considered constructive eviction and will land you in court.

This tip will save you from financial alot of stress in which I endured and cut my teeth on. 

But the reason you want to do it this way is if it goes to court and you have the option fee going toward the purchase price, the judge could easily rule that it's not an option, but a disguised sale and require you to foreclose instead of evict.

@Justin R,  thank you for your information,  I did ask the inspector who came out to my house, he said the high occupancy house regularly is being challenged in court , therefore it’s not enforced.  

If, however, there are no finance or inspection contingencies (often the case with wholesaling) then there are few legitimate reasons not to close; certainly a lot less reasons than a standard MLS purchase that typically states financial and inspection contingencies.  

Hi Elliot,I recently embarked on my journey for financial freedom and started with out of state investments.

Does anyone have experience with Close Now LLC (broker) or W Financial (seems to be the funding arm)?

@Eddie QuirkI see a financial disaster in the works here but its a great learning curve so, GOOD LUCK.