loan that covers third-party costs where the rate has been locked, the GFE should show a credit for the interest rate chosen, in an amount sufficient to cover the estimated loan originator and third party fees.

But if the unrepaired value is sufficient you could do a simple HELOC.  

@Cameron Vigil I think this answer is entirely subjective and it seems that you have made your choice when you say that you feel it's a better fit for your personality to pay everything off before jumping into more debt of any kind.

Your choice to remodel or not will depend on what your target market and what your competition is doing. 

Although several people touted the S Minneapolis triplex as I good choice for an owner occupant, it seems that investors are raising the prices. 

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, but I believe for a rehabber to make sufficient money on this home, they are going to need to be into the home for about 83% of the ARV.

A real estate lawyer is probably not the best choice.  

Knowing the area sufficiently well to estimate this accurately would be my number one concern in estimating future returns... as they could severely affect returns.If you haven't heard of the 50% rule, this would also be good to research: basically advises that 50% of rents will go to operating costs over the long term (this excludes financing).Best of luck

$316,500 total acquisition cost, $55K~ approx. rehab cost.A lot of the major costs (plumbing, electrical, roofing) were needed to pass inspection upon re-sale so I had no choice.