They owe roughly 100k on the home and really they are wanting to get the burden off of their shoulders and the constant bother of "dealing with tenants".

Still have more to check with but was curious if anyone had recommendations for banks that do- Definitely talk to First Trust, 1st Colonial, Franklin Mint FCU, Trumark FCU...I am nearly 100% positive that all of those lenders do HELOC's on investment properties.

However, humidity is high in Ohio summer and the walls get condensation without dehumidifier on constantly.

You can see in these photos near the wooden post running from the floor to the ceiling as a make shift support.

Doing most of the work myself because help is nearly impossible to hire around here.

The only thing is I think you need to have a certain credit score to qualify and have a constant flow of income from a job.

I just placed a first lien at way lower LTV on develop-able lots in my own backyard near Sacramento and it was 6pts/11%. 

The banks also wanted me to have experience in multi family.Basically the terms made cash flow more difficult and qualifying for the loan nearly impossible for a beginner. 

I hope to see you hitting your goals in the near future. 

The lot is in a low income old neighborhood near downtown Gainesville.