The rehab costs have far surpassed our budget due to some masked  issues(missing copper lines in walls, dangerous wiring almost throughout...all covered with sheetrock) Also, the city is requiring us to pour new approaches at "multifamily" thicknesses; about $9k worth. 

I actually already have a tenant lined up to move in next month.

Here are some other things that could go wrong which may cause failures:Unknown necessary repairs (i.e. sewer lines, roof, etc)Not having cash reserves to cover vacancies / major repairsUptick of crime / vandalism in neighborhoodVandalism of propertyInfestations (pests, other)Bad tenants / No tenants / tenant family issue impacting stay (i.e. death, divorce)Rezoning of school districts / Loss of accreditation of school district Insufficient Property Management (not addressing tenants concerns, no notification of repairs timely - causing further damage, etc)Not following market pricing on rental / raising rent to frequently or too much at onceLegal issues (i.e. tenants sue for injuries on property, taxation, etc) I think you get the idea.

Bottom line..Should I trust these companies?

I have a single family 3 bed 1.5 bath home located in Bellevue that I'm trying to finance.

I have been following the BP discussions and saw that many of you are actively looking for a first deal.If any of you guys want to meet for coffee to exchange ideas or just talk about the RE market in Baltimore, drop me a line and we'll make it happen.

The description in my subject line may be a little confusing - I have experience building, rehabbing, buying and selling, but I have been out of the game for some years.

I recently had a seller tell me the house was a 3 bed, 2 bath.

I've done this on rental properties and got the line of credit in a week.

SI is pretty cheap compared to brooklyn or Manhattan, so many people are willing to trade longer commutes for less rent ie 3k/month rent for small 1 bed 1bath in Manhattan to 1k/month similar size apartment in SI.