To be clear, I am not looking for this information for my work.

The key is having a clear plan to refinance or sell when the value increases or rates drop.

Get real clear on where you are and where you want to go.

This has been discussed alot on here.Some people seem fine with no cable.I have nice vacation rentals and provide an easy way to watch live sports, news etc.I provide cable channels or you tube TV.In my listings I state up front that I provide cable channels because I'm not cheap that if other people won't provide this what else are they cutting corners on?

There is a way to leverage losses from a rental property that you are actively participating in managing + you need to meet a few more criteria too lengthy to break down here in the forum post - to be clear, this isn't what you described (e.g. 

Yeah, it would be a deep cut in their asking price which is why I wanted some opinions.

And then I applied some leverage knowing that if they did not want to move forward that I would find another interested Buyer who was clearly ok without having the Certificate and knowing it was always used as a 2 family. 

Until Fed begins to cut rates I’ve found alternative lenders in some cases to be competitive with banks on construction debt when considering the totality of factors (rate, leverage, depository relationships and pre- payment penalties).

To be safe, it’s usually a good idea to wait a bit—most people suggest 6–12 months.Also, keep in mind that lenders will base the amount you can pull out on the appraised value and their loan-to-value limits, so you might not be able to take out the full difference between $2M and $2.5M.Hope that clears things up!

- Many flippers cut corners to boost their profits.4) Why are you worried about renovation percentages, when most already done?