This would seem to be the case on many recent purchases, but if the depreciation exceeds the cash flow I question if you have any actual cash flow.  

How much cash do you actually need? 

That is illegal and may actually be criminal under state and federal law.

Keep it brief and to the point with measurable requests "you need to be out of this address on this date at this time" this isn't a discussion, and if it were me I wouldn't go there in person until he's gone, he'll probably be quite angry.

The drawings can go back and forth but the rater needs to be local to the property because in the end he will have to go verify what came out of the build and prepare a reconciliation showing the actual performance numbers post construction. 

The buyer was informed that the interest rate will be floating because the construction completion date is further away (5 months) according to the preferred lender.

This is more a B- class neighborhood.I plan on doing a remodel of the kitchen including new countertops, range and hood, refrigerator, microwave, dishwasher; the cabinets are actually in solid shape and hardwood so I would like to keep them, but they definitely need to be stained and will also be adding hardware on them.

I actually just posted a breakdown about this as it is a common question.

Actually, I just decided to go with Energy Star because it's a bit easier and more well known.

I have a Heloc on an investment duplex, but as others mentioned you need to be in the under 80% LTV range...I think mine may actually have been 70% LTV though I can't recall specifically.