Hi Scott, It sounds like a good opportunity to deploy the contingency fund for the issue with the roof that popped up.As tempting as it is to use that contingency money to pay down the loan faster I think that sticking with the original purpose of the funds and updating the roof is the best use of that capital for the following reasons:1.An updated roof adds value to the property.

It can take a year or more to complete an ADU.

Sharing more on DSCR Loans, which sound like a good option for your situation!

But if nothing comes of that, it sounds like it may make sense to sell and move on.

If you believe the appraisal is completely wrong, you can order a new appraisal.When you say 75% LTV, do you mean 75% of ARV or 75% of purchase price?

Part of why I feel the unfortunate timing of this incident, which is neither the fault of the parties involved in the transaction, should have happened once the transaction was completed.

We seem to be living in that brief liminal state where AI is extremely helpful for just about everything including things like this I hadn't even thought of, right before it replaces us completely 

I have taken steps to reduce the mortgage payment that may take time to go into effect: filed homestead, I plan to reappraise the property after renovations are complete to eliminate my monthly $66 paid towards PMI, and I am currently negotiating different insurance policies.

Hi,Once I get work completed, who should I use to verify that the work was performed well other than myself?

Purchase price: $25,000 Cash invested: $11,000 Sale price: $62,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Joslyn Lukestich-Lewis, successfully completed a fix-and-flip on Curran St, Burlington, IA 52601.