I would have talked to them BEFORE cancelling the painter and given them the option of which way to go, but since you already cancelled the painter I would simply charge them prorated rent for the 5 days until the painting is complete and deduct that from their deposit.

Happy to answer any specific questions.

But it’s unclear if this applies to HomeStyle loans specifically, given the initial renovation appraisal already accounted for these improvements.I want to know if anyone here has been successful in getting PMI removed under similar circumstances or has any insights into the specifics of Fannie Mae’s policies for HomeStyle Renovation loans.

Does anyone have specific reference that gives clarity to this situation?

@Marita Jojo, clearly I don't know this specific deal to confirm or deny any of your assumptions.  

Is there any surrounding area specifically that you think could be the best option ?

I'm happy to discuss more details directly if you have more specific questions.

We've found it has superior reporting features, integration features, and is overall more efficient to work within than other REI-specific software.The downside is QBO is not set up for REI so you'll need to do that or work with an expert to ensure it is set up for your business appropriately.Something else to keep in mind is your entity structure and how your entities file tax returns.

But experiment and see what happens in your market with your specific property.

I will ask them specifically how they would like it structured but I'm sure they'll ask for what is best for them.