I would just mindful of how soon before that seasoning requirement is met that you start the process because things like credit reports, appraisals, background checks, etc., are only consider valid for a certain period of time.

The NOI from your last 2 years of operating history will be looked at in comparison to the commercial appraisal.

The only fees would be the appraisal cost. 

I had a couple market studies done by some real estate friends and property after renovation should appraise at $425K or more when i refi.

The drive by appraisal was low but I did not need max leverage.

Should get appraised this week but trying to figure out how much they’re going to list and if they’re mostly trying to recover loss from the foreclosure

Appraisals control the ultimate selling price.

Working off of the scenario that we would get 70% of our appraised value of 220K, our cash out would be 154,000.

there's no buying a BRRRR deal with $0 - you need cash to buy, and then you need cash every month to pay the holding costs and service the debt during the rehab.lots of things are making BRRRR tough right now, especially the increase in interest rates and the fact that prices have leveled off. if you did a BRRRR in 2020 and just waited 12 months, prices would go up, and that would help your appraisal. that is not the case anymore. other factors are making it difficult too - there is lots of competition for deals, both on and off market; lots of good contractors are booked up; and lending has tightened a little, and it's harder to get a higher LTV.so just to be clear: -BRRRR requires lots of cash - it's way more cash intensive than portrayed-BRRRR is not a cash flow strategy - you will end up with a break even property-if done right, you'll wait 3-12 months to get some (or close to call if you really crush it) of your invested cash backI know this wasn't your exact question, but I had this typed up for another thread and thought it was relevant herehope this helps

Market rents from the appraisal and/or the actual rents need to cover the mortgage payment, property insurance, taxes and HOA (if applicable).4.