We lend at "the lesser of" cost vs As Completed Value, so we have you get your plans and specs together and then we give it to an appraiser that will appraise it "as completed".

Of course that not everything to it, but its the meat and potatoes of the plan. let's see the numbers 

I tell them my plan and I will update them if (a) the plan is completed, or (b) there is a deviation from the plan.

Things you want to consider would be what your long-term plans are with this property.

Since this post got bumped, I'd love to hear any tips or tricks anyone would care to share about your last minute "game plan" if you happen to get a strong lead to reach back out/etc, with under 24-48 hours before auction.

Happy to jump on a quick call, would love to hear your plans.

That is the issue, I did not feel that I was provided enough specific details, so that is why I was reaching out on this forum to see if anyone has had any direct investor experience with them or any other operator who has deals that are not working out as planned so that perhaps we can learn from whatever mistakes may have been made. 

I plan on raising rent for upstairs unit from 750-1000.

How much do you plan on applying towards down payment?

He wanted a video to compliment his branding and video style.I tried getting into a fight with a tenant, it didn’t work.So plan B was taking my pants off haha