There is no magic number only extensive study and acquired knowledge.

By extension, an entity you fully control is also disqualified.

Some of my rental properties have extensive damages outside, such as down trees, fence collapsed, sheds blown over and none of those are covered since they are not part of the main structures. 

An extensive rehab on a 700 sq foot house could be cheaper than a some medium rehab 2,500 sq foot house.

Starting November 4, 1992, districts must have voter approval in advance for:(a) Unless (1) or (6) applies, any new tax, tax rate increase, mill levy above that for the prior year, valuation for assessment ratio increase for a property class, or extension of an expiring tax, or a tax policy change directly causing a net tax revenue gain to any district.’This is obviously a new tax which has been levied without voter approval.

This would quickly return most of my cash to me, which I need in order to complete a fairly extensive renovation prior to moving in.The problem I'm running into with my current lender is the timing. 

So far so good, we listed with an agent who has extensive experience in rentals.

I mean are we talking a light plugged into a normal outlet or we talking a garage w/ stolen power and stripped extension cords that dims the neighborhood? 

Anything with extensive rehab needed to re position property up to 10M.

He now will not sign an extension, even though I agree to give him time to get the student loans taking care of .