This is a program I utilize routinely for my clients.There are lots of options outside of a HELOC, or shorter 15-20 year amortizations that many conventional banks offer.

Here’s how I see it and a possible plan of action:Plumbing Concerns:- The Good: New plumbing inside the house is a thumbs-up.

On a side note, if you are planning to purchase the land in cash, great.

I mean I guess if a lender has no idea what they are doing you could but I would sure not plan on it. 

-Recent renovations - the more modern the interior is and more functional increase its value-Floor plans - you could have two identical office buildings but one with a better floor plan will sell for higher per sqft.

I have been living in my househack for free for years now and have no plans to move unless I am too rich haha.

My plan is to buy a few LTR’s to start out. 

What type of financing do you plan to use?

I don't really plan to use my license to sell to the public as I already have a full time job and our investment business will take up the remainder of our time. 

It seems evident that this tenant can no longer afford an apartment like this, so this would give them a time to come up with a plan to find an alternative.