Originally posted by Steven Hamilton II:Actually Mitch, you are allowed to do repairs on the property; however, you are not allowed to upgrade or increase the value of the property.

They are being overly optimistic in their new projection just like their original projections.

Also, you can seek an exception from most DSCR lenders and they get approved at a high rate, it will just come with an increased origination fee (usually .5% for exceptions) or a interest rate add on. 

If it were mine, I would have the same company come out that did the install and refurbish the area back to its original condition.

Originally posted by @Moises R Cosme:Where do you invest?  

The point is, in these types of markets, original or slightly enhanced kitchens are adequate.

I originally got into real estate for the investing aspect of it.

I pitched this deal originally to several local investors I had known over the years, & ALL wanted to "steal" it from me.

Not sure how I missed it originally - but it has rang true so far in our experience. 

So that our net profits now are over DOUBLE our original proforma..