Keep in mind, such an appraisal may not be able to be used by your lender, but perhaps you can request an appraiser with investment property experience (wherever they may be). 

Also, there really isn't any great advantage to automatic payments from my experience.

You need to hire an agent in NJ that specializes in short sale transactions and has experience with this!

You both clearly have experience dealing with this firsthand, and I want to see if there's a way to balance enforcement with profitability.

Make sure the lender you choose has a strong background in this type of lending...check them out on Linked In to see their experience level.

Quote from @Shayan Sameer: Hello,real estate investors,I have a question for those with experience pulling home equity to fund new investments.

Events like this give the opportunity to meet and talk to investors from all over the country, doing different kind of investing, and with a varied amount of experience.

Use it as a learning experience as you move forward.

Basically your time, resources and experience will dictate this ppsf. 

In my experience it is common and customary for the landlord or builder to provide TIA, tenant improvement allowance, to the tenant to assist if not cover the majority of the internal buildout.