If there's opportunity to make up some value in the adjustments, it could help bridge that gap.

Have you looked into the use of bridge financing? 

If 8-10% CoC is what you really looking for, try to invest at bridge or construction funds, they will give 8-10% depending on LTV or lien position, for mezz position you could even get higher than 11%.

It's right across the bridge to Detroit.

definitely not the first time the city has crossed that bridge).It will likely be annoying, but I don't suspect it will be too difficult to get the city to close these out fully aware that you're about to pull full permits for the house again. 

@Nick Rutkowski I grew up right across the bridge in Alburg, so I spent a ton of time in Plattsburgh growing up.

Hi Elmer,It terms of financing it’s sounds like you would need a short term bridge / Reno loan.

Otherwise, you could bridge the deal for 2 years.

I know a lot of USCstudents who live in West Columbia, right across the bridge from USC because the rents are more reasonable.

You could either complete the renovations with a short-term bridge financing deal and then refi into long term 30yr dscr debt, or purchase straight-up dscr and finance repairs on your own depending on your budget constraints.I'm also located in Middletown, CT.