The last question is:  what type of monitoring do you need/want?

I figure that's partly due to the recent drainage infrastructure improvements made in that area. 

Not to mention a decent bank is monitoring line performance and updating values consistently to keep ltvs in bounds.Use it as short term liquidity and use other means to finance long term.

This surprised me as previously (1986) I had been certified as an EPA certified AHERA asbestos inspector, monitor and was the only dual certified inspector/contractor in the state of NH. 

Many of the best landlords bring the management in-house, because they can monitor their properties more effectively.  

Do you charge for monitoring and maintaining vacant units?

Its infrastructure was in pretty good shape but cosmetics were terrible with water damage, missing toilets, sinks, appliances, torn or missing flooring and large holes in the wall.

As my investments grew, so did the infrastructure that you are discussing.

They want landlords to fix their failing infrastructure

Here are the basics:* 13 units today with significant cosmetic and infrastructure work required throughout.* Part of the rehab includes building out 4 additional units in an old common area.* We're 5 months into rehab, and we plan to begin renting the first completed units mid-Sept.* Overall timeline (including build out of new units) runs to late 2019.* In the end, the #'s pencil, but capital available for rehab will likely result in slower progress toward until rehab completion.And now the question(s)...1) Does it make sense to refinance at some notional midpoint in the rehab?