The cost to knock down and build, depending on int. finishes, starts at $350K This project I would anticipate around $450k build on top of the aquasition, and FMV comparitavely is 2.3-2.5...no?

They're anticipating a pull back in the market and are looking for safe cash flow opportunities that are 1031 compliant. 

Employment drivers of areaCrime of areaMedian household incomeCurrent rent to income ratios, and if value-add deal stabilized rent to income ratiosAnticipated hold periodLength of LoanI/O or AmortizingCapex items and "what happens if you have to hold longer than anticipated?  

What were you anticipating? 

When do you anticipate your kitchen remodel to be complete?

This realization has prompted me to actively explore my options rather than procrastinate.I eagerly anticipate your insights and suggestions on how best to proceed.

.** Slight bias against Florida due to anticipated stress and anxiety of watching a hurricane hit your vacation home annually, ha.

If you're anticipating big income one year, you could have up to 3 property tax payments in 1 year (January, June, December for the following year)!

So you may need to come in with a lot more equity than you anticipated.

Someone with some good experience, I would anticipate 10-12% interest only for 6-12 months with varying degrees of lending to ARV.