- Some reasons to NOT refinance here would beYou are going backwards on your loan years (10 vs. 30)You are losing your HELOC - meaning you won't be able to draw on it anymoreYou will be paying more money over time with a refinanceYou will now have a higher loan amount after your refinanceThose are the main 4 reasons I can see that would be drawbacks to refinancing. 

Hi Michael,You could draw up a scope of work to let contractors bid from.List things as specific as you can and assume what's not specific will be done their way, and that there will be mistakes that need correction.Such as: Demo kitchen to include X, contractor to provide dumpster and haul away.Install Kitchen Cabinets - Merillat xxxx-xxx color xxxxx, Contractor to provide (or will be provided at job site)Install kitchen cabinet pulls brand X, model Y  at marked spots on drawers and doors. 

I have drawings from an architect as well as a permit. 

We can afford to hold the building, so long as we can draw out our equity investment after 18 months.

However, of course this would draw out the whole process and does take time... 

Unfortunately I am drawing a blank as to structure and content of a resume for this purpose. 

What does your contract say the draw schedule is?

And there are many different options out there as far as terms - generally, LOCs have a draw period and a payback period. 

So now I’m back at the drawing board, looking for other properties to utilize the BRRRR concept.

That suits me just fine as I like to write additional notes and often use the back of the paper for drawing if need be.I basically use this rehab estimation spreadsheet in printed form: https://www.biggerpockets.com/files/user/kubaf/fil...Cheers!