Positive Ground Electric. 

The increase is from $50/unit due to the "Clean water Atlanta" project, which mirrors the numbers you mentioned.They compare Atlanta to NY, and if my tenant's usage approached the average usage, I'll be paying almost as much as you.

Some highlights:The Pinellas County real estate market is continuing to see higher sale prices and units moving at a faster rate...compared to February 2017.The Median Sale Price for Single FamilyHomes was up by an impressive 10.0% from last year, at $244,250 for February 2018 versus $222,000 for February 2017. 

Not only it is mortgage fraud, it is impossible to pull off because these days lenders compare your application with the IRS transcripts.I also urge you to pay attention to a crucial point made by @Linda Weygant: you cannot just forego available deductions to create higher income.

Act like someone trying to find a rental in your area.....go on Zillow, Trulia, Craigslist and even call a few PM's....try to compare something similar and go from thereRentometer.com also can help

My advice for the remodel is to make the units comparable to what your market will allow. 

The 3rd party fee's can also be very high for CMBS (mostly because of borrower counsel) - Well's has a capped program at $25k which is low compared the industry standard of a $30k-$50k deposit.

Also, they don't get as excited about REI loans, as they are more typically looking to help the Small Business Owner get off the ground (e.g. a Donut Shop, or Lavette's Account,...) at least that's what their rep told me.As for that as for that being a REI strategy, it's viable as long as your numbers are solid and you can profitably repay the loans. 

I am trying to find a good wholesale assignment contract to use as I get my wholesaling business off the ground. 

Ground up has the most risk and the longest to turn around.