You approach a lender that does an internal valuation (appraisal) on the property, and determines the value to be $140K. 

All utilities were in the tenants name and I thought with the new legislation in Indiana, Bill HEA 1347 public law 105-2019, that landlords were no longer to be held responsible for tenant utilities that were overdue.

Look up "Internal Rate of Return" (IRR), @Benjamin Sol Ignacio.

We have a local one here that doesn't charge any fees for having the account, nor do they charge anything for internal or external transfers. 

normally it pre taxed you used especially to determine valueYou will not use an after-tax NOI with a market cap rate to determine value of a propertyI would think an after tax number would be used internally to see how much cash will actually be in the bank that can be utilized  

The shorter the hold the higher irr or internal rate of return.

I think what I was running into on the 1 year requirement was internal policy or as I like to call it "unwritten rules" to decrease their risk profile on those loans.

.), I'm sure you're aware of the floodgate of new, insane tenant protection laws that hit the books in 2019 since the democrats took control of both houses of the legislature, like no more screening for evictions, potential eviction delays of up to 12 months, limited security deposits, limited app fees, etc.Unfortunately, the worst is potentially yet to come, and in Jan the new legislative session opens and on the docket this year the democrats are attempting to pass state-wide rent control (OR and CA already passed this in 2019), and good-cause eviction, which would be devastating to the real estate industry throughout the state, and also exacerbate the low-income housing crisis by completely cutting off housing investment in that real estate class.

https://www.wdrb.com/news/proposed-legislation-would-legalize-recreational-marijuana-in-kentucky/article_4ecfe818-20f7-11ea-b478-ebd436326379.htmlWill provide a lot of new tax revenue and create a new business niche.

Re financing: It’s international financing from Asia leveraged on a corporate guarantee of a financially stable business owned overseas.