From there perspective, they are concerned if you default midway thru the build, and they are left with a half finished project, in the case, there is no equity in the project.For example (using round numbers, as I have no idea of the specifics of your project), if you purchase the house for $50k, and the land value is $40k, the would give you credit for the $40k as equity toward the 25% of total costs that you need to put up. 

The loan will be based on your financials and the income potential and appraised value of the finished product. 

Due to the potential profit after it is finished.

High-end finishes throughout, 2 car garage on a huge lot/backyard, large 2nd story loft area, 1st level front porch, 2nd level deck off master and a large deck off the back of the house.

I started listening to the podcast and before I could finish 20, I was in contract for my first rental!

I recently closed one of my last flips, and the contractor started the next day, finishing in 30 days. 

Will an appraisal come back higher because they would factor in the potential income or would an appraiser stick to the facts ie property size, br/ba, sq ft, finishes etc.We're excited about getting our first deal under contract.

So now that the goals and mid-long term plans have been discussed, I want to ask your opinions on what we should do moving forward to finance these plans.FINANCING: Right now, we are days away from finishing up the refinance part of a BRRRR strategy house.

However she wants the buy back the house a year and a half later when she finishes school and able to qualify for financing.The house will be around 200k.

Fully renovated the project from top to bottom- renovated both bathrooms and turned one into a master bathroom- added LED throughout - expanded the master bedroom- added an island and converted the stove from electric to gas- replaced the roof- replaced all windows- added a deck and new fence - finished the basement and took the house from a 2/2 to a 5/2- added concreted steps that lead to the front door- full exterior paint- added 4 egress windows- and much more!!