In addition to this seemingly pointless law, the Jr.

In addition, the cost to cash-out refinance an investment property at 80 LTV probably would be beyond ATR/QM limits. 

Have to figure in VAR power etc.In addition, you might see a 345, or higher voltage line and the cost to connect could be prohibitive.

If the property turns out well I will recommend the GC I'm using (assuming he wants additional work, he seems pretty swamped).

If you prepay 15% you’ll probably get a 5% return.What we didn’t talk about was ability to acquire new debt, cash out refinance costs, cash flow implications, tax benefits, liquidity or risk management which is another post.My intention on my property is to prepay about 4% to move the cash out refinance for another property up by a year and let additional investment money ride elsewhere.

If this message does not get anyone to helpme fix this issue then I will have to call my credit card and file a claim.....UnfortunatelyI seem to have run out of options.

My question for you is, is it a wise decision to take a mortgage loan on those two condos so that I can purchase a new investment property (in addition to single family house which is an obligation) using DP approach?  

The takeaway here is to become familiar with determining loan quality for yourself when working w/ a broker.In addition to the capital gains issue Jeff mentioned, there is cash drag.

Credit exceeds 830.

Leveraging that asset to finance another deal is smart play, and the townhouse you're eyeing seems like it could be a great addition to your portfolio.When it comes to budgeting for renovations, it's definitely a challenge to nail down accurate estimates, especially when resources might feel a bit outdated or not region-specific.