I would like to have the sink in the bathroom removed and the washer and dryer hookups moved to the half bath. 

I have a couple of lenders I am working with but want an unbiased opinion on what a good structure looks like. 

My background is in Finance so I am good with numbers, but don't have a lot of experience evaluating how much repair work a house needs to get it to rental material.Here is the property I am looking at:https://www.redfin.com/WA/Tacoma/506-S-38th-St-984...Here are my questions:- If you were a flipper, how would you structure your analysis of the repairs needed?

Brian, the Fannie/Freddie product are great if the deal works for their structure.

The industry is full of people that never even graduated HS.....are convicted felons....... file bankruptcy every couple of years.....have been divorced 4 times....... addiction issues......in other words flakey people that have no organization, structure, direction or drive in their lives.Now that's not to say that they are ALL like that....there are some fantastic people out there....very smart, organized, professional and amazing at what they do......I've met some great people...... but unfortunately they are rare rather than common

.- Accountant (yes, I'm a CPA but unfortunately my experience has nothing to do with small business set up/taxation issues), it would be great to be able to sit down with someone to figure out how to best structure everything for my situation.  

Things that a professional will need to consider before offering advice:Your other sources of income (personally and within your family/tax entity structure)Your tax goalsYour asset liability goalsYour retirement savings goalsYour tolerance/ability for recordkeeping and rules followingWho you're doing business with, how they are structured and what type of business you are doing with others (Partners? 

Making some unknown assumptions here - lets say 15x15 MBR, another 10x10 bathroom, 5x10 laundry = 375 SF. $60k/375 = $160/sf construction costs.

My remodel money estimate was assuming bringing bathrooms to rental level, not retail polished level.

The difference in equity is a lot to you, but depending on how the capital structure of the lender looks, it's just not worth the extra work to maximize this deal.That said, why bother using commercial at all?