When that's a $50k furnace and you spread the cost over the time you've held it...My recommendation is to find a way to split out the electric, heat and hot water.

I inquired why this was an issue and was told that if a murderer or similar got through the background checks and I rented to them and then they committed said crime that I would be held responsible for that!

It wasn’t a simple BRRRR as the bank that refinanced me is also the bank that is going to finance the construction of two duplexes I’m building on the same property beginning in May so they held some money back as collateral.

This year my tax got more complicated as I had primary residence in Illinois which I held for 14 months and made a gain 200k.

I sold about 70% of them for cash and the rest I held seller financing to investors who wanted to rehab and rent them and enjoy that equity.

If you are working with a project manager though, they may want you to send over all the money in advance that will be held in escrow until the installments are paid.

The lender I use is a very creative guy, and we were able to work together on two deals, one of which was a fairly substantial renovation that I've held (didn't refinance it right away like I take it you're trying to do?).

Also, im not sure how long you have held your homes for, but there is something called cost segregation deduction.  

@Thuy Pham-Satrappe  Similar to Aj's post above, 6% 30 year term, 5 year balloon.  10-20% down and the seller held the rest of the note. 

She said they don't have to as values in NY have always held up.