You can usually get a lender to go 85% of cost or 70% of the As Completed Value for such a project.

Hello,My wife and I have completed about 30 flips, 25 or so have been from the MLS and the other few have been off-market deals presented to us by wholesalers.

But most of these bridge loans have future funding components where the lender will fund renovation work as the work is completed and add that to the loan balance. 

However, as we delved deeper into the project, we realized that a complete remodel would be more beneficial.

The permit process is efficient and can be completed in 4-6 weeks. 

I completely agree.

Meaning walking the home, seeing what needs to be done to get rent ready and completely managing it from start to finish?

If you did, you could take advantage of some unique strategies, like renting it out while traveling (as long as it’s for 14 days or less) and having that rental income be completely non-taxable.

the property’s rehabilitation is scheduled for completion in 2025 and the rent will subsequently increase, can I proceed with a cash-out refinance based on the current rent roll?

However, as we delved deeper into the project, we realized that a complete remodel would be more beneficial.