It can be tough but that is what makes this forum so helpful you have seasoned pro's to help.If you ever have specific questions feel free to reach out I enjoy helping and talking REI.

I'm thinking to let him sue us if he feels it's necessary and take my chances in court.Thoughts?

Feel free to DM me if you need more clarity. 

Do you feel more knowledgable about loans or the closing process?

That should keep both of you happy and eliminate the feel of competition between you both.

Hi Alex,It could depend on your experience - if you have a lot of experience in heavy rehab/construction you will (1) be qualified for the loan as construction loans require substantial experience and (2) feel more comfortable taking on the loan.

The reality, of course, is that everyone else is feeling the same way.

I feel this target can be achieved given recent cap rates sold in the area, and hundreds of thousands of dollars worth of renovations combined done by me the landlord (1 unit+exterior), and my amazing tenants who did gut renovations of their units.The general rule of thumb is to use 3 lenders for cash out refinance right?

The only way I could even think of this would be if I know I had personal feelings of bias to others.

Good luck on your journey and feel free to reach out if you ever need any guidance or advice.