Combined with increasing supply, what could this reasonably do to MF market and syndications near term, ie next 1-2 years? 

Unless, you do a delayed purchase, where you buy it cash and rehab it with cash and then the loan is based off the cost of the purchase plus rehab.

But after they dealt with the remodel process, paid holding costs and commissions, etc, they decided that "a bird in the hand is worth more than 2 in the bush"Could end up being a similar situation for you so figured I'd share the story.

MM$ projects with 25% ROI
monthly payouts - payback with 25% ROI within 5 years
Invest and payback gets you 100% vested in 50% of MM life insurance policy
Invest and reinvest (partner) gets you 100% vested in 10...

Are you looking into getting a cost segregation study on your property and wondering what benefits the study may provide and how much it will cost?

The costs of transacting are too high, the rental yields are ridiculously low, the capital growth is being stymied by the governments recent actions and the affordability issue for locals is causing even more issues for investors.Investing in any property market requires the fundamentals to be in place to make it viable.

I think this is what the market is moving towards, for many reasons.   

It’ll cover all your rehab costs.

There is so much cost to running a (any) business, even changing a light bulb is expensive for a PM.

He's changing the terms of the agreement, and you can choose to accept it or reject it.I don't think it's fair to pass this cost onto the tenant just because you are unwilling to stand up to the contractor.