The reports are 40-90 pages long and go through the entire house in great detail.Get an appraisal.

It'll also depend of how much the property appraisers for and how much ltv you are looking for.

Even after using a contractor and obtaining private financing to get a traditional mortgage the property was appraised at a much higher value then our all in costs were after the rehab.it can be done even from a distance.

On my recent purchase they lent 75% of the rehab costs and did an ARV appraisal to estimate value after it was completed.

I've had it go both ways with different banks, but I usually don't like illegal units so it's not something I've encountered often.The value for refinance purposes will be determined by an appraisal, which will use three methods - the sales comparison method, the income method, and the replacement value method.

Everyone wants to feel like they are the first ones to live in a space, and this creates that feel/smell.As far as cashing out, that appraisal will be based upon like kind homes.

National lenders that use appraisals will be tough in those situations.

Otherwise, you can look at your appraisal. 

LD informed us that customers have a life time option to refi which includes refunding of the appraisal and origination fees on the loan. 

But they will take longer and will require an appraisal.