That's why I say you are better off just attacking the debt.There is another way to accomplish this same result on any loan using something easier to obtain than a HELOC but it involves more sophistication and planning and is not for everyone. 

4) Similar break out of attic, roof, sophist, etc.As always, pictures are worth a thousand words.

A cost plus contract will require a contractor to submit his payroll report and material receipts, there should be a limit of lost receipts (yes, it will happen) for the whole job say 5k per 50k material.

Some investments, including DSTs, are only available to financially sophisticated investors - the specifics are well-defined by the SEC, but include people with high net worth.  

Roofstock keeps refining their business model and it should become more and more sophisticated over time.

More sophistication, less emotion, more market awareness2.

A 9% rate, with say 2 points, would USUALLY apply to a 50% LTV loan with a 20% capital contribution from the borrowerI would think that to interest a SOPHISTICATED lender with 80%+ LTV and no down payment, one would be looking at 18% interest, if he can get the deal done at all.Borrowing to finance a real estate deal creates a new note, which significantly differs from a SEASONED note and from a NON PERFORMING note.  

It is very complicated for less than sophisticated tenants so for us to spend hours trying to educate (argue with?)

I often see small multifamily properties with high payroll expenses, because they have onsite staff.

They all just wanted to know how much they could get for their property.I’m sure distressed multi-family owners are out there when the market’s hot, but obviously they will be much farther and fewer between than distressed SFR owners, both because there are so many more SFR owners and because multi-family owners, in general, are more sophisticated real estate-wise than SFR owners, most of whom aren’t investors at all.Maybe I didn’t spend enough on marketing or didn’t know what I was doing or how to negotiate, but that was just my experience.