If I'm correct, while the bill passed the house, it never passed in the senate and is 'dead.' 

.)- Termite treatment- 1 dysfunctional water heaterAccording to contractor bids, there is at least $45k worth of repairs. 

Not view property, not review leases, not review expenses, make a bid, pay for an inspection, ask for information, get out of bad deal. 

You're correct, the market has slowed down a little over the summer.

Interested in more active bidding.

Am I expected to come with correct numbers 100%?? 

@Jim Webster @Jonathan Pflueger yes, definitely something else going on...I'm a licensed MLO here in CA (nmls 1503643) I've mentioned before that lenders have "over-lays" which are extra guidelines, and it sounds like you are only getting one opinion, maybe not the correct one. 

@DJ Richmond is absolutely correct with potential equity as well.

My guess is that you're rehabbing a small multi-unit property which will be rented.If my guess is correct - you do not need to pay yourself salary.

Honestly, if you need to ask these questions, rather than investing in the top of a market you'll probably be better off waiting for the coming correction.