That’s usually where creative solutions start to make sense for sellers. 

Quote from @Jay Hinrichs: Quote from @Drew Sygit: Quote from @Natalie Allie: Looking for advice from seasoned investors in the Detroit area - specifically how investors mitigate risk when investing in the inner city and what the best solutions are to secure properties, avoid squatters, etc...

Quick thought: cash-out refi might let you pull 70-80% equity out, keep the income, and still buy more.

Comp-based value: Pull sold cabins in Lake Conroe from the last 6-12 months - similar bed/bath, lot size, lake access.

My local bank would refinance me at that point since the principal paid would be past the 20/80 threshold.if the seller rejects this, are there any other creative solutions to bag this deal?

I have an alternative solution to setup a Reolink camera system  - 4 cameras, 2TB storage, 24/7 recording - $400, that's it, no strings attached.

Hope you pull the trigger one day!

It's a great way to increase your net worth and these loans can also be used to pull cash out of a property as it appreciates allowing you to reinvest money into new deals.

If budget won’t cut, deal won’t work.Renegotiate or change capital stack (private/interest-only, then refi) to reduce cash left in.Decide your priority: pull most cash back or steady cash flow.

I use to have about a dozen lenders, but that has dwindled to a couple that I can rely on.Just a quick story, I was purchasing a property to flip and a few days before the closing the lender pulled out.