I'd deduct this before accounting for your total cash flow. 

I’ve spent less than 150k total out of pocket investing in RE in the last 9 years and have been buying “base hits” in Dallas and Arkansas and now have 29 SFR.

You will need probably 20% of total cost (Not including financing costs. 80% LTC) as the down payment.

Now if I pass that income as management fees to S-corp, I pay $3.5K (SE tax) + $800 (LLC fee) + $1700 (CPA + bookkeeping) = $6K in total.

The problem with the reverse method you propose is I would have a payment for the 401k loan around $300/month and then the holding costs of the mortgage until the refinance so roughly $400-500 for a total of say $800 To me it seems like the more cost effective route to use the bloc to purchase and 401k loan for rehab.

A report from Apartments.com shows that 178,000 newly constructed units entered the market in Q3, bringing the projected year-end total to 636,000 units.

Basically, the more you ask for relief as a percentage of the total, the harder it will be.You will need to show a hardship that you did not create.

Most hard money lenders require 10-20% down payment of the purchase price or total project cost.Holding Costs During Rehab: Yes, you'll need to cover carrying costs, including hard money interest, utilities, taxes, and insurance.

The property rents for about $4K/month total.

Do to an anomaly pertaining to the appraisal district, the total value of the two lots was divided equally between the lots instead of allocated by market value.