We have completed two rehabs in New York State over the years as well as substantial remodels from our home in California and the only hitches we experienced weren't really any different in kind than those we sometimes experience in local rehabs.If you have never done a rehab locally, trying to do your first from a long distance is almost certainly not warranted. 

Does the current condition of the unit warrant the increases in rent? 

As the economy shifts and my own personal finances and personal economics change over time, I know my priorities will adjust and I can see where a six month buffer might become warranted.

@Mian Wang If its non-warrantable condo that could be reason condo will go under portfolio lending if its investment property.

I think increased operating reserves are still warranted.

You might say “well flippers have expenses like paying contractors, project managers, appraisers and they need to feed their families and whatnot, that's why the 200K is warranted”.

When I feel a change is warranted I go in there and adjust the guide.

And if it does apply to you, your situation is complicated enough that it warrants a CPA.

The delay in the electrical permit alone should warrant you being able to switch properties.

Those concerns are certainly warranted right now Dean, but at the same time we can't keep living our lives in fear.