I'm a people person and ask detailed questions. 

I will shoot you a PM with my broker's details!  

I have had a couple of estimates to complete this work and it ranges anywhere from 40k to 75k.

.### Renovation PlanningDevelop a detailed renovation plan to maximize the property's value.

>appraisal just came back for $235K when we had estimated along with our real estate agent an ARV closer to $340K based on comps. in My market the refi appraisals are more conservative than appraisals associated with offers.  

Look for clauses regarding default, collateral, and communication requirements.Document Everything: Keep a detailed record of all communications with the investor, including dates, what was discussed, and any updates you’ve received.

We would be happy to buy that 1st lien note off you, based on the numbers on the calculator.Can you go into more details on the reason for creating two notes instead of one? 

The ARVs will be high by using bad comps and the rehab estimates are almost always super-low. 

@Rick Baggenstoss and @Tom Yung Thank you for sharing this discussion in such detail.

Here's a bit more in detail about how rates are calculated for DSCR loans:1.