@Kitty Walker- As an investor, I've refinanced multiple Padsplits and co-living properties (where we go direct to tenant without Padsplit), and I generally agree with your last statement, with some caveats:- if the renovation is done well, the appraiser may not even say anything that would indicate it is an "abnormal" SFR (has happened multiple times with me)-the investor may be wise not to make the house crazy- just leave a nice open living room, put double doors on the dining room so it can function as a bedroom now but be easy to convert later, etc.  

If you dont meet the reserve then the bank has the option to wait and repost the deal at a later time.

Had it reappraised 2 months later.

Then, they made an illegal move to reschedule the eviction without my knowledge by convincing a police sergeant to change the schedule to two weeks later!

- Some tenants are to worried about you getting annoyed and kicking them out (and section 8 accepting landlords can be hard to find) so they might not want to bother you for small or big issues and that can hurt you later on when things are more expensive.

I am not sure I will go through with it due to it bing a bit complicated and you never know with a buyer not being able to seal the deal a year or two later.

Higher cash flow comes in later years as rents in tge market go up and you benefit from your low interest rate.

I ultimately want an umbrella to keep my assets under and I’d rather set this up now from the start than have to do it later.

six months later, he closed on a property without it ever hitting the market.

Later when you have begun investing yourself you may have other ways to help investors.