I'm not saying you can't raise rent, but do so with sufficient notice and in a way more constructive than your initial approach.

loan that covers third-party costs where the rate has been locked, the GFE should show a credit for the interest rate chosen, in an amount sufficient to cover the estimated loan originator and third party fees.

But if the unrepaired value is sufficient you could do a simple HELOC.  

, but I believe for a rehabber to make sufficient money on this home, they are going to need to be into the home for about 83% of the ARV.

Knowing the area sufficiently well to estimate this accurately would be my number one concern in estimating future returns... as they could severely affect returns.If you haven't heard of the 50% rule, this would also be good to research: basically advises that 50% of rents will go to operating costs over the long term (this excludes financing).Best of luck

But, why are the canceled checks and deposit statements on my end not sufficient? 

(For Sale By Owner is not considered sufficient in attempting to market a home).  

(assuming I would most likely have to buy a note outside of my state (Florida)Is 40k sufficient amount to start investing on NPN and research all variables to make it a good deal?

.• Each state has a limited number of viable cities since you need cities that are sufficiently large so that there is a stable (and growing) population.

So if there's sufficient equity to cover both the first and my second mortgage, I'm still ok.