We tend toward a rosy perspective on concepts which enhance our own career pursuits, disposed to glossing over endemic threats to our success.

Money would go to a lot of cosmetic enhancements))Current average rent per unit: $655  (NOI*2/12months/18units)Raise rents 10% to $720/unit averageNew Gross Income: $155,520Expenses (previous plus $3,000 ?)

Not one time has the existence of my license even entered into the conversation except that I disclose it in my PPMs (which, by the way, does nothing but enhance my credibility).Off-topic, but since it was mentioned several times above, I don't take commissions on my multifamily acquisitions. 

There have been changes over the past year to comply with new regulations and a there are a few enhancements.

versus the additional rent you can earn both from the enlarged lower unit and the enhanced (with a deck) upper unit.  

These are just some suggestions to possibly enhancing your experience and holding on to your ambition of using the 203k.

That is why I keep adding to it and enhancing it all the time.

I am always trying to enhance my DD skills and would love to see what others are doing.

For example a common strategy in real estate investment is to find a well performing asset with a good cap rate (i.e. good property level return) and further enhance this return by financing/leveraging it so as to yield even higher CoC (i.e. investor level return).So conceptually we can say that when Leverage = 0 then CoC = Cap Rate.

To enhance our understanding, we are seeking connections with local brokers, lawyers, contractors, and professionals experienced in working with foreign investors.