The renovation costs may include a contingency reserve and renovation-related costs.Contingency Reserves: Contingency reserves 10 % required for any unforeseen cost overruns that may occur during construction.Unused contingency reserves that were financed into the loan will be applied to the principal balance of the loan.

Should this occur than the grounding wires should be secured to a ground bar, separate from the grounded (white) conductors.

Plus, if the profit of your other properties can float that cost + the maintenance for 7 years, then what is the true harm?

This might be another avenue to pursue (especially since the discussion of it being a SERVICE pet, specifically, didn't occur until after you denied her first request). 

Perhaps listen to one of the last BP podcasts with J Scott was the guest, as they talk about having a strategy in the upcoming year where a possible dip could occur. 

Hi @John Brees, it wouldn't even occur to me to look for mailboxes...I would just assume they are there! 

There are also procedural issues that can occur when a senior lienholder fails to properly notify a junior lienholder.

This generally occurs with more expensive properties in those areas because your target market segment gets smaller due to BAH rates but it is something to think about.   

Just occurred to me- by not performing on the $3000 EM/DP as required, they breached the LC and it can/could be found invalid. 

If I can not help then it is no harm done.