Finally, small increases in dollar amount have an outsized effect on tenants paying lower rent.You also don't mention mortgage details, and at 15% down you will likely have PMI, so just make sure that is included.  

Occasionally we will have draws usually 4 draws with the largest draw being the final draw, when work is complete.

You could give the tenants 2 or 3 color options that match the existing color scheme and let them make the final choice so they feel like they have a voice in the process. 

I kind of feel like I should stay on the grind and not slow down, especially since I'm finally getting somewhere.

My name is Tim and I've been following Bigger Pockets for quite some time now, and finally it's time to join the community!

For your final SOW, be as detailed as possible.....it'll save a lot of misunderstandings down the road...

Finally, what makes you believe that the property you buy has realistic prospects for appreciation/growth?  

It was a bit of a stretch at the time but 8 years later and I'm glad I did.  

This also opens up the opportunity to attract tenants with higher levels of income.Ease of ownership Finally, the fact that the property has multiple owners means that there are multiple sets of hands to take care of the day-to-day operations of managing an investment property.

I wanted to use the cash out for a down payment on another property (conventional loan), and eventually buy another primary residence (VA loan).Any thoughts on the final numbers?