If this was just a house hack duplex or another more standard investment property I'd probably plan to keep it.

I'm under contract for a new condo, but my closing is on hold until the lender finds out if this condo will meet the PERS standards and be warrantable/non-warrantable. 

I've had clients pay "top dollar" and by setting a standard for the neighborhood everything shot up. 

(this property is now off market) This sparked that REI motivation and mindset that I discovered a few years back.

So you're fine by that standard.2.

A standard plumber may suggest tearing the wall open because they don't specialize in auger techniques.

A couple of the things you'll want to keep in mind (if you don't already know) is that you are limited to the typical cash-out guidelines for LTV and such, and the pricing on the rate is the standard cashout refi pricing, which is a bit higher than purchase loans (but not typically exorbitantly so).

@Travis OneillOn a 16 unit, standard would be 25% down.

That's a standard approach for many county roads, and is well-known for lower cost and durability.As long as you are trying to improve the roads, don't forget to install paved "parking pads" -- typically 20' x 20' squares to park two cars on each lot.

A recent Bankrate report lists low inventory, builder's inability to keep up with demand, an influx of new buyers, strict lending standards, low rates, and muted foreclosure activity as the six reasons why they believe no crash is on the horizon.