What if it costs 20% to sell?

These loans are structured with a combination of a first mortgage from a conventional lender (typically covering 50% of the project costs), a second mortgage from a Certified Development Company (CDC) backed by the SBA (covering 40% of the costs), and a down payment from the borrower (typically 10%).Bridge Loans: Bridge loans are short-term financing solutions used to "bridge" the gap between the purchase of a new property and the sale of an existing property or the availability of permanent financing.

If you are looking to rehab, it is more efficient and cost-effective to rehab all units at the same time. 

I got an appraisal prior to starting and my numbers looks like this PP: 137kClosing costs:5kRenovation: 230kprojected holding costs: 26kARV: 620-650KEstimated rents: conservatively--> $4400/month.

Looking out for suggestions @Kaushik SarkarIf the equity in your properties is your only source for new investing, and the new property you are buying still cash-flow's with the cost of your borrowed money (from your properties), there is no reason to not use it as an investment vehicle.  

Have not had a 'issue' selling in the past five years..I would say the additional development cost of an extra bedroom/bathroom are probably well worth it in the long run..Good luck. 

But I guess a lot of you seem to think that extra cost is negligible if I am refinancing anyway.

Make clear plans, use no-cost tools, study areas, spot deals, and move forward.

(Loan to Cost) Can you find a private guy to lend you high LTV for short term?

He is also using a HELOC to pay for the turnover costs of losing his long term tenant and making it rent ready.