I don't anticipate a full gut taking any longer than 3 months at the absolute maximum.

biggest unseen expenses I can anticipate might be floor joists, electrical, plumbing (it's got public sewer and water), and perhaps just general full cosmetic replacement if the tenant moves out.

. - Any other information provided by the applicant (such as anticipated length of tenancy, tenancy commencement date, etc.). - Any offers or proposals you may choose to make to us (additional rent or deposit funds, extended lease term, guarantors or co-signers, etc.).

For a tenant who clearly doesn't "read between the lines" well, I would anticipate she would read this as more leverage over me than it realistically is.

And after they pulled back the sheetrock, and part of the roof, there was much more than we anticipated.

And after they pulled back the sheetrock, and part of the roof, there was much more than we anticipated.

You could contribute enough to get the match, let's say 4% from you and your employer (8% total contributions), but your 401k loses 6% one year, resulting in growth of only 2%.During a good year, maybe it grows by 16% (=8% investment gain on your 4% contribution and 4% match).Alternatively, you could keep the entire 401k account in cash (not invested in any securities) and let it grow at the matching rate, guaranteed like a CD.If you forecast out to retirement, based on what you plan to contribute, do you anticipate that your 401k will be your primary source of retirement income? 

I have never done this before but this seems outrageously high and certainly much higher than I ever anticipated.

Obviously there would generally be less profit for you, but a fraction of the risk.According to my last couple conversations with lenders, I would anticipate needing 40-50% of the project cost in cash. ps.

But off hand I anticipate around 40k but I can be completely off.