Hi Rudy,You don't need 6 months, Rate term refi only requires 1 day on title after you fund the hard money loan however like I mentioned above it may not be realistic to do a rate and term refinance right away depending on the condition of the property, it may or may not require a rehab to be in a shape suitable for a refinance.With regards to 5% LTV difference, you just need to multiply 5% by the after repair value to determine how much this 5% gap is.

I would divide 180k by 2 then multiply the 90k by lets just say 1% to get the amount of rent i should charge each tenant right?

That is an all in number (taxes, insurance, management, vacancy, repairs, water/sewer) so you count your doors, multiply by that number and you've got a solid estimate of expenses.  

Investors are going to want to see returns above 8% cash on cash year 1 with the ability to multiply the principal 2-3 times over a decade if it is a long term hold. 

While that's nice when you look at cash-on-cash returns it means literally nothing is your career prospects (multiply that times two if your life works) are worse in the market with better cash-flow.  

Units:24Building Size:17,800 SFPrice/Unit:$31,666.67Property Type:MultifamilyProperty Sub-type:Garden/Low-RiseProperty Use Type:InvestmentCap Rate:10.12%Gross Rent Multiplier:4.86Occupancy:100%No.

Personally I think cap rate is not worth considering in properties under 5 units, I would base it off a gross rent multiplier, but then again I've never done anything with condo's and am unfamiliar with that investment structure.

Deceive the seller and watch your problems multiply!

Well, those costs are multiplied when doing it for multiple properties all at once so that can be cost prohibitive.  

The assessed value for the previous year is multiplied by the levy rate equaling the total amount due.