However, I do think there is some lack of communication between the firm I originally applied with and the actual mortgage processor.

If this is the case, what is your current market lacking that you'd like to see in a staging company.

I also feel like I'm forgetting something, but you get the idea.Then I use 2-3% for inflation across the board unless the market dictates otherwise.These are still "rules of thumb" and if anything can be used as guides or as a quick replacement for a lack of information.

A shady contractor could potentially pick up on someone lacking knowledge and take advantage of them, thus costing you money.I would look for a project manager and hire a designer on a job to job basis (let the project manager deal with them).  

As for lack of Fannie Mae and FHA financing... that's what is killing some markets tight now.

The negative I can see is the lack of curb appeal "thanks google earth".

If at all possible, I would absolutely open all three of the second floor windows, it creates a nice balance and provides interior light.What the building lacks is a residential, attractive and welcoming entry, which will completely transform it without spending a fortune.A few questions... does the front property line extend to where the grass strip ends at the alley?

My biggest complaint between the two is the lack of light colored options without wild color variation.Can anyone chime in with their experiences?

Jon's reply is full of wisdom and great advice.His points are spot on about your experience, realistic LTVs that are out there, and associated costs.The number one issue will be the low occupancy, the second will be your lack of experience, and the third may be the cash to close this deal.You could be looking at hundreds of thousands to close this deal.

I got a mentor shortly after starting which really helped out with my lack of experience at that time.The real world experience is so very important.Going at it by yourself without a guide/mentor, you just don't know if you are making mistakes until after you make them and they smack you in the face (or usually in the wallet)