@Obed Calixte: I am looking into loan/mortgage options this week, although I don't expect much given my low income right now.As I understand it, the bank pulled out of funding the buyer because of the issue with no reserves and maybe something else they didn't like about the property (I'm not sure of the details).Thank you so much for all the replies!

Are you trying to pull cash out and roll into another one?

I always pull the county assessor records to verify the actual square footage and bedroom count against the listing.

This worked for me...just click on the source to make sure it's pulling from the county site.  

Unless the property was in a phenomenal area with economic growth and the condition matched the comps, I would not pull the trigger on this. 

Go direct to sellers, pull data from PropStream or PropWire (free option) for properties in your buy box (1945-1880s built).

I am mainly talking with local CUs, but I am open to talking to just about anyone.Fortunately, I am not looking to pull out anything crazy compared to what I think it will be valued.Currently, my only debt on it is 440k, and it brings in like 240k/year.

It's a learning curve, but I think it's going to be the best solution. 

If the property still supports the debt, many investors choose to pull moderate cash out rather than leave equity idle.The key is not max leverage, but whether the deal still stands on its own after the refinance.

If you’re only pulling $40–50k and deploying it efficiently, the math can still work.