For sure, the "Underwrite" process becomes a bit more personal at that point.

I hope you got an inspection contingency clause put into the P&S agreement as you could still back out if more problems come up in the inspectionNow the cash-out refi could work but that would require you to rent out the property for at least 6 months and pay closing costs again and now that the home is worth more you would have to make sure you will cash flow because everything from the taxes to the mortgage payment will be more per monthWith this being said the profit is there if everything with the comps are correct so I would say if you feel comfortable with it to go with that route.I also now am seeing this is a 3-month-old post so if it is going well then congrats if not then you will get'em next time (hopefully not losing money in the process) but if you didn't do the deal out of fear then I would say hit the books again (aka laptop) and get to studying and learning about all of your fears to see if more knowledge can combat those fearsHope this helps, good luck :)

You will have to get a lawyer to help you with the process.

If those programs are a success/have already been approved by the DOD, then templating your program after one of these could streamline the process. 

We have not yet reached our full cashflow or market value potential, and likely will not for another year (as most tenants are now in 1y leases expiring again in Dec), but we are in amazing shape with this value-add process.”For context, the ‘day one’ true net cashflow for this property was about $800/mo, and the full true net cashflow potential with market rents is just over $6,000/mo.

The process took way to long 6 months.

The R20 zoning does have it's limitations but an ADU of less than 800 square feet with off street parking is allowed and the permitting process is generally quicker because of the nature of the building.

(first fourplex)I am currently in the process of figuring out the most effective way to fund the rehab.With interest rates so high, I'm terrified at what hard money lenders will quote me at... but maybe its the only way.Any other creative strategies out there other than hard money lenders?

Check if your management team has a slick process in place or if they can up their game.

It's a manual process (and a bit slow as there is no copy and paste type feature I could find) but it's only once and you're good to go.So here's the login page... like I said, a nice visual interface as you'd expect from a web based app.You can scroll down a bit for more on how you're doing this year and compared to the previous year...Here's how I set things up...So to set things up... go to the accounting tab on the right (the +/- Box)... and click "Add Account in the top right...