@Kevin SobiloIf you had a choice right now with refi options drying up and values likely dropping, would it make sense to simply get a purchase loan (3.8% for 30 yrs) and pay for repairs in cash. 

Today I checked rates on their site, and there were none even with great credit and a 25% downpayment.According to my loan officer, Redfins investors are not purchasing investment or second home mortgages right now, and expect them to come back in about a month.FYI that it looks like lending for conventional investment property mortgages is drying up.

I may have a potential business partner to work with - someone who is better at cut and dry facts versus my creative vision.

Although I am a Broker, I've not run my own Brokerage, however, I'll offer insight from my own experience as this is not a very cut and dry subject. 

Sounds like you are at risk of an electrical fire, plus tenants should be able to wash and dry their clothes if the appliances are in the lease. 

I was counting on foreign money drying up, if nothing else via the lowered amount of chinese dollars flowing in.

he called me Easter Sunday as the whole bank staff was working that day because they knew the funds were going to dry up.. they got 3000 of them done.. 

My one commercial experience was a two-tenant (restaurant and dry cleaner) that left a bad taste, and I haven't been back since. 

1-4 unit residential lending is pretty cut and dry, and as long as your lender knows his/her stuff you should be fine.

The returns per night are great and now all of a sudden that income has pretty much dried up.