We have found plaster repairs will reappear like 'wrinkles after the botox wears off' unless you can find a great guy who has the expertise to skim coat.Good luck....

I know it wouldn’t likely be perfect but at least get a long term idea on how fast I could acquire similar properties over time without injecting any new capital.

She was trying to do the project alone, but her funds are tide up with other projects and her personal cash injection for her downpayment did not meet the lenders "seasoning guidelines" to close the deal.  

And is anyone hopeful that it will be completed, and if it could actually inject positive growth into Fresno/Central Valley?

And I'm finding out little by little what my options are, I've met several people like me who inject money into the US real estate market that don't have documents.

Objective: Inject value into the 3285 SF property through providing a more open layout for the kitchen, redesigning the master bedroom and updating all systems & finishes including rebuilding 2400 SF of outdoor deck.

Depending on your current LTV and what projects you say need to be finished, a cash-out refinance may be something to look at as interest rates are low, it will give you an injection of cash and you will not have to worry about paying off the HELOC in slow-mo.

We quickly realized that after injecting some forced appreciation into the SF home we were able to leverage the equity and allowed us to purchase more.

Whatever your total project cost is, if the lender is requiring 10% down you just multiply the two numbers and you get your down payment or "injection".

There are newer banks opening now or that have in the last few years that have healthy balance sheets with little to no toxic assets.I agree that many of the local and regional banks cannot take the write downs on commercial or they will be insolvent.They might have only funded a few commercial loans that went bad but they were big ones compared to the residential notes they are holding.I disagree that regular sellers won't sell.Core markets have already heated up and have driven cap rates down for A product and A location to just a little above the boom times.The problem is the local to regional banks hold the majority of the commercial distress in tertiary and secondary markets where recovery will be slow and painful over many years.Recovery starts with A assets in major urban city cores and grows outward over time.There are many buyers looking to purchase and to get a standard commercial loan need a performing property with high occupancy.Otherwise they need all cash or a hard money or private partner going in.Restructuring of notes on the pre-foreclosure side with a capital injection is also gaining traction.There are groups that have to deploy capital in a certain time frame who have optimal areas.Once they see they cannot hit the numbers they want in that area they have to adjust the expectations of the investors,return the money,or branch outward to areas that offer greater returns more inline with the investors fund expectations.Regular sellers are selling.Cash buyers want a real low basis.So I am seeing sellers do a wrap or hold a second or other creative means to get a higher price with some down for a buyer.For the buyer it lets them leverage the limited cash they have into a larger deal for upside in the future.Example for a 40 unit with a wrap and all cash investor would demand 13 to 14 going in.