Even if such a loan existed (which I doubt), once Vincent self funds all improvement costs, finance charges, carrying costs etc., I doubt he's any better off.

If you can’t find something with significantly better returns, holding might be your best option.Alternative to sellingIf you’re hesitant to sell but want to improve returns, check if the current rent is at market rate.

Well, they are very efficient.

My suggestion to improve your cash flow is to find another bank/lender.

Do they include energy tax benefits within their study?

If they don't have the energy to do 5 deal analysis, then they will want their hands held by the coach all the way thru and that won't work. 

Have you contacted the Zoning Department to review the survey and ask what your subdivide options are with the existing improvements?

My strategy would then be to lease at least two of the renovated units, increasing occupancy to 90%, which could improve the chances of securing favorable terms for refinancing.I haven't pitched it to the seller yet.

Building a network of agents, contractors, vendors, and tradespeople is something I've spent a lot of time and energy doing, and it is immeasurably valuable in being able to do this.  

.: @Don Konipol Hi Don, At the point where I am in my business, I am thinking (a lot) about improving and growing my business and profits.