You're best off continuing what is currently being implemented and then making adjustments once you have a better grasp on the building.

Long story short, I spent about 3 months figuring out how to make half-decent drawings and refining and adjusting them to code.We started work on the basement at the end of May with Minh and by the middle of September the basement was transformed into a luxurious 2/1.That still left a lot of landscaping work, but my wife and I tackled that over the next 3-4 weeks in addition to the furnishing.

Trevor, you can adjust your due date in Baselane if you're inclined to let her pay on the 3rd, but make sure you have also adjusted the terms of your lease to reflect that.

This fact makes it possible to easily adjust the LTV ratio and protect the lender’s investment.  

Your first Multi with those savings and income are going to be a learning experience  (In a good way) However do not go in with a massive cashflow expectation.Some Realtors/Sellers might sell you on unrealistic potential high rents and will be adjusted to the selling price....so do your own research.Are you planning on living there as well?

As the market changes, I'll have to adjust my offer accordingly.

On the other property seller adjusted sale price.

Renovation costs are capitalized and added to the property’s basis, reducing taxable profit (sale price minus adjusted basis and selling expenses).

I came up with a list of protections, and the syndicators I'm working with are eager to make adjustments to accommodate my requirements.   

So, those who have been hit with there financing adjusting to triple and quadruple the money cost, slingshotted from life in the green to being deep in the red.