Appreciation means rent appreciation in addition to the value of the property.

Ideally I would like a property with 2 3-bedroom apartments and an additional in law apartment .

It was sufficient for its purpose but will not provide me with any additional equity with the bank down the road to be used as leverage for the future.

They specialize in quick and fast loans that will come with credit card like interest rates.Here are some additional tips for securing the best mortgage rate for your investment property:Build a strong credit profileSave for a larger down paymentShop around for lendersConsider different loan typesDemonstrate a stable IncomeChoose the right propertyBuild a relationship with the lenderBe prepared with documentationConsider interest rate buydownsMonitor interest rates

Or does it present risk, that if appraisal comes in higher, the bank can ask for more, as well as take additional offers.My understanding is, they can accept my offer, or if the appraisal comes in higher than my offer, re-open negotiations. 

So If I understand this I would be looking at base rate +4.125 then whatever additional rate the lender is adding on, minus points to buy the rate down? 

We will need to perform all new MEP work in addition to updating the finishes.

In addition to learning by experience, you could be forming a rock-solid partnership that could offer resources and options you didn't otherwise have. 

Should I agree to this so I can make some additional income, or is this opening a can of worms that I don't want to open? 

Here are some additional details and common questions related to historic tax credits:Certified Historic Structure: To qualify for the historic tax credits, the building in question must be classified as a "certified historic structure."