@Matt Carozza To answer your specific questions: You should be able to pull out 75% of the equity if you own it in your personal namesIt's nearly impossible to predict rehab costs by the square foot, but based on what I'm doing in the area, if you do need a full gut like mentioned, I'd count on at least $125,000 for a house that large that is that oldFind a mortgage calculator and plug in your numbers.

@Jessica Yau The net lease market is seeing extremely high demand for assets with long-term, NNN leases due to the predictability of cash flow and lack of maintenance with the property.

“We predicted at the beginning of the year, this was going to be the best year for commercial real estate in the past 10 years, and at the midpoint of the year we’re happy to say that’s true and it has been very improved.”Amos attributes the improvement to a pair of factors.

Anyone predicts at more than 1 yr will need several scenarios. 

Jones We see 1% in Indianapolis, but i prefer my clients to be in specific areas that have better tenant demographics, higher tenant retention, and predictable appreciation.

And sellers were on hand and many took less than than predicted bids as well.

The more you deal with predictable outcomes based on historical measures, the more calculated you can be in your risk taking. 

But in this case I can pretty confidently predict that if you end up in front of a magistrate over this, you'll get murdered.

The second reason is that I would be able to qualify for a larger loan, since banks would allow a conservative prediction of cash flow from rents to be added to my income.  

Lock your rate now with whoever you are working with that did not take the time to offer you this prediction.