Hello BiggerPockets  Community,I'm a contractor/consultant in Northern Virginia providing Home Automation (The Internet of Things - "Smart" devices), Security & AudioVideo design & installation services for both commercial and residential properties.

Be prepared to calculate 14% PM expense to be safe.

Julie I get it I have owned 3 sizeable HML companies in my day.. and done well over 2,500 transaction as the owner principal of the company.. and I have done them every which way.from no money.. to needing money.. to equity share etc etc.. end of the day its the character and capacity of the flipper that is paramount.tough thing right now for most is finding deals that meet the LTC ratios that make 100% funding even remotely safe. however you are new to BP I see and generally speaking this is a beginners site..

It's a fine line between keeping equity down and staying safe in a fluctuating market.

If this was done prior to the reno, it's likely the majority of the cost can be written off as operating expenses under the De Minimis Safe Harbor.

If the only issue on their loan approval is that you don't yet own it (meaning the appraisal, prelim, and contract, will all be rejected), that means you can safely take ownership. 

If the only issue on their loan approval is that you don't yet own it (meaning the appraisal, prelim, and contract, will all be rejected), that means you can safely take ownership.

All I was expecting was him to say give me bills and ill make sure steps are safe immediately 

My Contractor made the decent, safe and sanitary repairs.

This is  pretty spot on,  Its also  safe to say that town  off the speedline like  Audobon, Collingswood  and all of the Haddons were  mostly built in the early  1900's  similar to Philadelphia so even with a  rehab  I would  higher the  cost of  repairs  withholdings  close  to  8 to 10% and  youll have  the majority with Knob and Tube!