Call your servicer to start the conversation, the terms are dictated by conventional loan guidelines so this will be what is applied:https://servicing-guide.fanniemae.com/svc/d1-1-01/evaluating...

Lots of good advice above. 98 percent of wholesalers don't even know how to evaluate rehab costs and have no access to get the true ARV and don't care either way, they are just trying to make the biggest spread instead of finding the best win-win scenario.

So, the first Evernest employee lied and then Justin took over and doubled down.

@Frank Greg Sounds like you are looking for an employee , not a GC . 

We have a condo we're looking at leasing to a company for their employee.

Now, I think each person has to evaluate their level of risk comfort because being highly leveraged can also create problems if there are significant market shifts.

Any valuation must evaluate the expected value after value add as well as the risks in achieving that valuation.  

Like you, I evaluated a bunch of properties back in 2019-early 2020 and regret not making a move back then.

I have an employee that helps with leasing and assigning work orders and I have a list of contractors that I work with but I can see the value in having the "clout" or volume to give some of these contractors to get better pricing or hire someone full-time. 

Legislative advocacy is the reason industry associations exist and your association's effectiveness and reach is the main benchmark on which to evaluate them.