People will want to go cheap and avoid any costly repairs or maintenance.So I would factor that in

Only by controlling costs, managing the projects, and having a steady pipeline of projects will we be able to have a viable business.

What's the mark-up on your PM's maintenance costs? 

That will save you the PMI without the cost of doing the refi just yet. 

Cost?

Please feel free to share with the readers of this post when you can, my friend would like to know

You can get all of that in a dozen different places for free.

Improvements are a cost basis not a value add.  

It's definitely a frustrating part of the business, especially when you're trying to maintain cash flow and unexpected repair costs pop up.One thing I've learned is that some of the more real estate investor-focused insurance companies tend to be a bit more lenient on inspections or are more upfront about their requirements before binding the policy.

In fact, you can list the entire amount as income on your application.