Luckily I had extra cash and I will close.

If you're only doing one off flips here and there this won't work though as you'd be paying extra interest that you don't need to. 

I don’t believe a tenant can stay forever, and I can cover the extra payments and lawyer fees for up to two years for the tenant who will be harder to remove.

With loan extension you might have to come up with extra payment to get DSCR in range lender will approve.That is why to go through this exercise NOW and if you know tenant wants 300k TI to extend and bank wants 300k to pay down estimated balance when new loan placed you need 600k to come up with.

Quote from @Devin James: Quote from @Jay Hinrichs: for us we do very little marketing we rely on MLS what we do to compete is spend an extra 10k or so per house with upgrades other builders simply wont do..

We budgeted $100k and that’s our goal but have extra just in case something pops up so this $120k is a high number.

It ended up costing an extra ~$6k in closing costs but I think we did OK. 

Quote from @Zachary Ware: A PadSplit can be very heavy in CF but be careful if you are renovating a house and adding extra rooms.

Also <most times> adding a extra bedroom but not adding sq ft doesn’t help much on ARV specially currently being under 1,500sq ft.

So when I was getting closing to signing on the load it cost me %.5 extra in interest because the property wasn't occupied.