If it's worth that much, taking a HELOC on it should not be an issue at all long-term or short-term as long as the bank will do it.

One major mistake is failing to conduct thorough research on the properties and their owners.

I gave him a deadline, but he failed to show up with all my items.

You failed to rent it in October before the holiday season. 

Alternatively, if the bank ( assuming there is a bank) is fine with it, you could negotiate a credit and escrow the funds to be released after you do it yourself.  

The location all in,cost him X; he got an appraisal for the bank from CBRE national firmof XX and now the firm who called him mentioned paying XXX.

However I would say those lenders would be more willing than a bank to write the mortgage, and after completion you can refinance it.Overall, its probably easier and better use of your time to just find another house that doesn't require the construction and where the numbers make sense.

Unless you negotiate a new contract or addendum with your PMC, they do NOT have to abide by any requests/demands you make that contradict what's written in the management contract.If they have in fact NOT followed the terms of their contract, then you'll want to send them something in writing pointing out the specific language in their contract that they violated and ask what they plan to do about it.If they fail to correct or address the issues, then you'll want to start looking for a new PMC.

Most people fail due to imagined failure and not success.13.  

Bank Credit Line How did you add value to the deal?