I hired a local handyman by father knew to 'save on repair costs' as opposed to going with one of my usual GC's.

I built this one 7 new st.. which build cost was probably 40 to 50% higher for the sq ft because of what we had to buy to meet the BAR ( architectural review for those that are not familiar)  I also built about 20 in North Charleston a before it sky rocketed.. my building partner is now working hanihan. which is the next one to go. 

The biggest thing is going to be whether or not this is an investment property or if you plan on living in the property once rehab is completed. 

In most cases, new retail leases come with some amount of concessions from the Landlord which primarily consist of a Free Rent Period to allow the new Tenant to build out their space and a Tenant Improvement Allowance which is a pre-negotiated amount of money that the Landlord contributes to the Tenant to assist with the cost of the build out of the space. a Free rent period can be anywhere form 1 month to 1 year (or more) and a Tenant Improvement Allowance could be $5.00 per square foot or $50.00 per square foot (and in some cases a LOT more).

My question is this, would the cost of upgrading the panel and adding the mini split make sense for a rental?

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

However, several factors come into play, such as state laws, regulations, asset protection strategies and costs (widely different, e.g., California vs.

This seems about right for the scenario, yes Non QM and DSCR can have slightly higher rates but if the benefits of the product outweigh the cost, you've got your answer as to if the value is worth it.

Total rehab. we removed the galley kitchen and created and open concept with a 24 sf island in the middle.

Insurance would cover legal costs.