I would never loan $50 k to someone with your proposal. feels risky...and I'm in the business. 

I paid to have a mold inspector come out and while the spread of the mold wasn't severe, their proposed remediation is $2,000.  

The Trustees shall have the obligation to answer any written request by a Unit Owner for approval of such a proposed addition, alteration or improvement within thirty (30) days after receipt of the request, and failure to do so within this time period shall constitute a consent by the Trustees. 

This is where you propose a long term deal structured as a payment to him from your positive cash flow. 

They are proposing more and more outlandish things that make less and less sense -- I'm personally in a VA loan, so I get the junk mail and spam phone calls too (I only screw with them about 25% of the time :P ).

@Marian Smith,What you propose is not possible.

I'd recommend initially proposing the 70% etc. 

@Taylor Gillette  If you have a good relationship with your lender I would propose all these questions to them directly... get it right from the source. 

I bet you could make quite a lot with it that way if you're allowed and willing to do the work.All that said, I agree with the posts above that said to basically calculate out your ROI on it and compare that to what you could get with another proposed investment.

I did quite a bit of business with one particular commercial lender, and any time I would propose a financing package for a new multifamily, he would always tell me, “I’ve never seen such detailed analyses in my 20 years of working here.