If you are going to refinish, what I'd do is sand, clean, and put down multiple layers of oil based polyurethane.I would not stain the wood.

A lot of those older houses have corroded cast iron or galvanized pipes.Asbestos - This was use in many house products all the way back to the 30s.Lead-based paint - This was used up until 1977.  

If that is the case, many lenders will require for you to have some skin in the game. 

It gives you a broad base to work from and a substantial range of knowledge when making connections.

But it's part of the game.

In all likelihood for this to be permissible they might want a bit more down for a lower loan to value (LTV) and the borrower will need to qualify based on both proposed payments. 

Hi all, EU based investor here looking to do flips and buying rental properties.If we form an LLC with a mix of resident and non-resident members, will FIRPTA apply?

@Aashrit LuthraI'm based in California so I understand how difficult it is to find a rental property that is cashflow positive.

Investors, (two of us) ultimately funded about 32% of the project with cash and additional money was raised from members of the local REIA, simply by word of mouth.

Most of the time, they make you decide the pre-payment penalty based on a range of interest rates they offer.