Knocking off $4k for that additional bathroom let's say it's $170k ARV, looking at this for a flip and using the 75% formula and a $120k buy price that only leaves $7500 for a reno budget - I'm no expert but I'm pretty sure it'll take more than that! 

Beyond that, you need to become an expert on labor and material rates in your area or get connected with someone else that is. 

More broadly, would be great to connect with local experts on this forum. 

But it’s unclear if this applies to HomeStyle loans specifically, given the initial renovation appraisal already accounted for these improvements.I want to know if anyone here has been successful in getting PMI removed under similar circumstances or has any insights into the specifics of Fannie Mae’s policies for HomeStyle Renovation loans.

Any insights or advice would be greatly appreciated!

Any insight in to the LTR market in Cincinnati?

Does anyone have any insights or experience with this approach?

Let’s share insights and tips to help each other out!

Plenty of resources here to get familiar with to gain insight on your REI journey. 

Hey Wale Lawal, thank you for your insightful response!