Hopefully it performs well.  

If the building was vacant and I needed to perform the rehab all at once, that would be one thing, but I can upgrade each unit as tenants move out. 

Owner-occupied loans are a fantastic way to reduce your capital invested and boost CoC but don't expect to refi into an investment loan after only a year unless you put significant work into the property.

Just to piggy-back on my recent post, here is some fresh news about Commercial real estate performance in Florida:NAR’s top 10 metros with the strongest commercial markets in 2Q 20211) Las Vegas2) Cape Coral Fort-Myers3) Port St.

@Miles Thompson When we have done major renovations like this, we utilize construction mortgages through our mortgage brokers which give us the funds to perform thw ork in draws.

Outside of showing them a report of the numbers and performance, what would you suggest I do to make myself more "lendable"?

Standard procedure is to post your state-specific notice of lease violation, and then perform a follow up inspection at the expiration of said notice, to determine if the violation is cured. 

Perform cost segregation on new properties to create tax offsets for new income5.

Return on equity based on that taxable income is ~4% is awful and I’d say 1031 onto a better performing asset.

So if you find something that a bank is willing to lend on, it will likely be tougher to boost the ARV enough to make it a true BRRRR.2 - if you finance up front AND refi, you pay financing / closing costs twice.