We recently had a storm rip a large portion of the roof off and the subsequent rain flooded the living room, guest bath, and guest bedroom. 

When I'm looking at various deals across platform and even deals on the SAME platform seems these can be calculated quite differently.For instance since IRR is calculated based on the capital invested if a cashflow shows that in a particular year they estimate that they will be ABOVE the pref and return some of the capital then the IRR in the subsequent year is likely higher since now the capital invested is lower but the return is the same thus boosts overall IRR for the deal.For this reason, it seems referring to the multiple as an additional point is helpful as at the end of the day it tells me how much real money is coming back to me.I find the calculations non-consistent especially on fund deals, where they can be open ended dates with a wide range of hold periods so you can really cherry pick your numbers to make the IRR and multiples look good.Any tips?

Regarding the winter bill setting the sewer rate for the entire year:  The city assumes people irrigate in the summer, so they use the number of winter CCFs to subsequently bill for sewer in the spring, summer, and fall.  

A cash-out  refi will help if you can trace the use of the cash-out to the property, or a subsequent property.

One next step, we believe, is to start getting to banks and credit unions to refinance the property so we can use the cash on subsequent projects.

@Carlos Gonzalez At least have an accountant do the first year's taxes, if nothing much changes and you are astute enough you can copy most of it over to subsequent years.

You're saying they did the work without a permit and then subsequently got a violation, correct?

Like @Mike Nelson mentioned, need to determine ROI for renovating units and the subsequent rent increase. 

Your all-in costs MUST be well under market value, and you must be confident that your rehab costs WILL be a lot less that the subsequently added value.

Inform them where to send subsequent rent payments.