Exactly what i was looking forIf the rental income can support a higher loan amount, the path to getting the most cash back out of the property is to complete the renovations first and then cashout refi after.

When it corrects there are typically just a greater amount of opportunity especially when there was a large run up to the correction by those who did not follow traditional risk mitigation measures when investing.

I am interested in possible doing a fix and flip or my first burrrrr 

Some times package unit is not working and fixed few times by HVAC contractors.

This credit amounts to $1,666 per month, with the monthly rent set at $3,300.From an accounting perspective, should the $1,666 per month be treated as a liability (deferred credit) and excluded from income, or should it be recognized as income and then applied as a credit at closing?

I haven't done a 1031 exchange, but may in the near future and the small amount of research I have done on it seems to indicate that some qualified intermediaries only do the intermediary task (hold your money while you close on the new deal) and some try to do other tasks as well, like facilitate you finding the next deal, etc. 

This will determine the depreciation amount.

We do fix and flips with 7-10 projects going at anytime. 

Most focus on rate and amount of cash to close but bad loan administration or bad loan administration policies may cause the project to be far more capital intensive if viewed beyond day one of funding.

Some leases state "payable before rent", but in either case that makes the amount due with the next rent payment.