@Lily Sellers yes it can be wise if you get a decent interest rate and repurpose the funds properly.

We updated everything cosmetically using mid grade but classic looking cabinetry and appliances, serviced the HVAC, replaced electric panels, added a privacy fence, cleaned up the exterior, removed a few walls (not structural, just cosmetic walls) to create kitchens open to the living space.

they've made a classical error in not disclosing up front.

@Moshe Romand this feels like a classic hard money scenario to me.

Are there templates that can be replicated/repurposed?     

It also looks like you’re making the classic mistake of assuming the entire mortgage payment is an expense.

Classic example of the government trying to protect people from an undisclosed problem.

And there the classic way which is driving for dollars and creating a mailing/contact list .

The area is the classic blue collar, middle class community.

Repurposing an office might be something you could do.