The improvement aspect of real property (as opposed to the land) does depreciate.

The Graham Leach Act defines its scope to extend to protection to individuals as opposed to "financial institutions." 

If everything you say is actually true, I wouldn’t be opposed to it.

Especially if we could make it a bit earlier in the afternoon around 3-4pm as opposed to later on in the evening.- Jett

I want to rent to myself :)  I'm not opposed to families and would ideally like to be ~2-2.3k/unit for a 2-3br/2ba, ~1600 for a 2/1, ~1300 for a 1/1.  

Lots of moving parts...and it's wonderful to be able to start with a blank canvas and design exactly what you want to build (as opposed to retrofitting based on the restrictions of an existing older structure).  

Tenant has caused physical damage to the property (the interior is overall trashed, the latest damage is to the exterior siding around the main entrance as if from someone wanted to break in)Thank you everyone in advance for your input on this.QUESTIONS:1) Notice to Quit - The new lease signed with our tenant included the following clause: "If tenant breaches this lease for any reason, tenant understands and agrees that tenant has waived or given up tenant's right to a notice to move out unless a different period for providing notice is required by local ordinance or is stated here:..."

Also, define how you'll share the acquisition costs, such as the down payment, renovation, and closing costs.Payment Responsibilities: Explain how to divide and pay for regular costs like mortgage, property taxes, insurance, homeowners association fees (if applicable), and upkeep expenses.Management and Maintenance: Agree on how property maintenance, repairs, and improvements will be handled, including decision-making processes, funding for these activities, and responsibilities for performing or managing the work.Single Decision Point: For example, I've seen situations where one person agreed to replace an appliance while another strongly opposed it.

One one of my rentals - AFTER issuing the policy they requested an exterior inspection and I figured - it's a townhome in a nice area, hefty HOA fee, maintenance seems looked after.    

This offer would also give us enough capital to finish the rehab through a construction loan and draws.However, we are also not opposed to having another team come in and complete the job if we were to find the additional 500k.Just looking for guidance or anyone who has had experience with this or hard money companies that can offer the full amount to refinance this current loan.It's a great property with a lot of upside but unfortunately was put in a difficult situation.