We have many hundreds of 5 star reviews (see the full set for yourself  https://www.trustpilot.com/review/nomadlease.com) that demonstrate this.Thanks for all the discussion and let me know if I can answer any questions!

As of now, I'm still up in the air...no major results to justify an overwhelming positive review yet. lol 

Weirdly, you may actually be able to get better terms and/or more LTV on the refinance if there is debt on the property as lenders have rules for max cash in hand (max proceeds you get at closing) for cash-out refinances.  

About two weeks later, the appraisal came back with a value that was off by approximately 35%, leading the lender to reject the loan.I contacted the lender to explain why I believed the appraisal was flawed.

Lau, generally if you are financing with a commercial lender- we lend for business purpose only and a rental property would fall under that category.

I saw dealmachine looks cool but the reviews from others here on BP have not been positive so I have stayed away for time being.

You also will need to have multiple lender relationships as you grow. 

Aloha @Keith Barham, yes its geared for Lenders and Agents, however,  it works well for Real Estate Investors too! 

You and your legal, tax and financial advisors should review this transaction in greater detail, especially the PLRs, to ensure you understand the significant risks involved and are structuring the transaction as close as possible to the PLRs to mitigate some of the risks.

During this renovation period would you, as the lender, want an Actual Cash Value or Full Repair Cost policy in place?