The property is currently posted on the county sherrif’s page with a mortgage company and amount owed.

I own a duplex in Clermont, FL just outside of Orlando and initially wanted to split water meters between the two units, but the cost and amount of work were higher than expected.

It would be a shame to pay interest on the entire amount, if only part of funds are deployed.Thanks in advance for any tips on things we should look out for in loan terms, refinancing, etc!

After a few hours they asked me for a screenshot from the credit card account showing the pending amount.

I am still new to a lot of the REI terminology and calculations, so I'm just using the amount spent on renovations as my "cash invested."

With this amount of cash and a mall that has a movie theater, you must be a minor LP in a much larger project.Usually there is a round of investing just to acquire the land.

Assuming the leases clearly state a security deposit amount, the seller knows that the tenant will be wanting a refund when the lease ends (after closing) so should be an easy reminder that you need those funds credited to you at closing from them to refund to the tenant when needed.If the seller spent the tenants deposit, at least the credit to you at closing comes out of the sales proceeds (seller just nets that much less at closing) and assuming they have sufficient equity should not be a big deal.  

If you're thinking a Conventional loan... did your lender say if you'll be able to pass QM with such a small loan amount?

We are more so interested in fixing up and renting these properties, so flipping in a short amount of time wouldn't be something we would need to worry about.

In fact, it reduces the amount of compliance to previously lower levels, meaning, there is far more than just paperwork involved that's dropped.