Plus, in NOLA, you will need permits to complete the plumbing and electrical work by licensed subs.

On another note, the interest rates are going nowhere but up, and I completely agree with Jaysen Medhurst.

I am completely aware that a title company can run this information with my attorney at contract reviewing, but still I just want to know ahead of time so I can have a better idea of what my offer # should be. 

I am primarily an multi-family, seasoned investor, who has properties in Norwich and Torrington.

Thus, it failed completely. 

I know some residents had this problem and Dan Ryan did a complete redo.  

At this point the units are all leased out, gross rents are 9k, value of building is about 1.875M based on reasonable comparables, current loan outstanding is 600k, building cost to complete about 1.45M.I need to refinance, simple reason is I need to takeout equity from this property so I can build more homes elsewhere (have 8 homes planned to build in the next year).

The dollar amounts are rounded to the nearest number. 1 Month 3 Months 6 Months 9 Months 12 Months 9.99% and 1% $9,163 $18,738 $29,975 $42,463 $54,950 10.99% and 0.5% $7,079 $16,238 $29,975 $43,713 $57,450 11.99% and 0% $4,996 $14,988 $29,975 $44,963 $59,950 As can be seen, each rate could be the best option for the borrower based on the amount of time that it takes for them to complete their project.

I would go ahead and have the Phase 1 completed, maybe there is something that he is hiding??

But that includes complete rehabs.