Where are you located?

How did you locate the property?

The property is nice enough and in a good enough location that I would be comfortable living there for that amount of time, but I am ultimately looking to make money on this deal. 

Most likely the state where the property is located is where lawsuits would be brought if they are something for personal injury like a trip and fall or something of that nature because the “cause of action” arose in that state.

To be eligible for 80% cash out, the property must be located in one of the following states:       AL, AZ, CA, CO, GA, MI, MN, MO, NC, PA, TN, TX, UT, VA, WAWith respect to seasoning, as long we can verify that the property was improved by the borrower after they purchased it, there is NO seasoning requirement for the 80% program. 

Was the issue fixed?

We deal with so many owners that want top rent, but their properties have dated kitchens or bathrooms or other issues.

Lets say the investor didn't use credit or anything related to credit metrics to buy the property (maybe own cash, OPM or HL, by the time the "refinance" part kicks is, what happens if the owner has credit issues and the financial institution won't proceed?

Get a new home inspection done to identify any serious issues.

Or should it be on just getting someone in there and dealing with those issues in the future when I go to rent out the main living side?