GREAT Topic,Make sure you know exactly what you want done on this home @ New floor coverings, new kitchen, counter tops, new lights, new bathroom fixtures.New paint , @ tone paint, etc, etc,Because  you holding on to it as a rental make sure you get at least 10 year materials and product, namely floors and plumbing faucets.  

Long term goal is to finish the rehab, refinance to recoup some of my out of pocket rehab costs, keep it rented long term.Can anybody shed some light on what my options are?

Otherwise, they'll look at you as too light for the deal or under capitalized in case something goes wrong and something does go wrong.Stephanie 

I'm a brand new investor working on my first deal (NYC Queens based). 

It definitely shined some light.

The good news is that you, as the borrower, would be able to discuss the property, great sales comps, and highlight it's improvements (if any) and put it in the best light as possible to help influence the appraisal.

Thanks guys, appreciate shedding some light on this. 

Electrician- one light fixture/change out 10 outlets.

So in light of recent events the chances of a smart seller doing their own financing may improve over past practice.Another form of seller financing is called a Contract for Deed. 

These are 12 units (6 duplexes), brand new construction.