If you find a great deal, you might look in to delayed financing- it's possible to pull all of your cash out immediately after you close on an investment, but you have to fund the deal with 100% cash to qualify.

I did lots of research before pulling the trigger but now wondering if I made a bad move.  

Now we want  to to our primary bank ange get a quick preaproval without pulling up our credit.

Track which lists pulls best. 

Is it better to pull out only what's needed for the DP or is purchasing property 100% cash the better option? 

All meters are pulled and the city has told me that the building has to be brought completely up to code and have a fire suppression system installed.

The base cash flow sheet is pulled from a friend or maybe BP files section.

Hard $ can eat up your profit very quick so as its already been stated, make sure you have all your ducks in a row before you pull the trigger.

Even if you keep the property, you could pull cash back out through refinance.

Should I try to make some of the improvements (what I can afford) in the mean time or pay off the 2nd mortgage and pull out that equity without having to do another appraisal?