It looks like there's an additional day of interest in their calculation which checks out just fine.

Additionally, the funds they deposit might be significantly higher, and harder to recoup, hence they have the ability to close on a deal the lock up if they need to.Thats a good point.

Just one additional option.  

In addition, the gas bills have shut off notices and are not being paid. (3 units are occupied and utilities are all paid by owner).

How do you finance the tear down do you add it to construction?

Additionally, how many calls does it typically take you to successfully close a deal using this approach?

Since these accounts are in the business name, they don’t affect DTI, making it easier to secure additional funding.How fast you're looking to scale will determine the best approach—some investors go the business credit card stacking route for quick access to $150K+, while others secure business lines of credit for more flexibility.

I'm currently renovating my rear unit and it has the perfect layout to split into 2 units by adding a wall and an additional front door.

After that's under control, focus on increasing income through additional work at your current job, taking on a side hustle, or finding ways to increase income on your existing rental.At the same time, educate yourself.

At the end of the day; you need more money to do something like this.MAX LTV on new builds is 80% LTC, Meaning if the build is $550,000 and Land is XAdd ($550,000 + x ) * .8 = LOAN AMOUNTYou would need to come in with MINIMUM 20% of the cost in addition to closing costs and reserves, $80,000 is not going to cut it for this project.