I guess you might have heard about all the benefits of depreciation? 

Companies that offer Home Equity Lines of Credit (HELOCs) based on the future appraised value of a home, also known as renovation or construction HELOCs, are somewhat specialized in the lending industry.

what folks don't realize many times and I see this on my clients HUDS every week sales cost almost always come to 10% so in this case 18k.. one of the main reasons is the buyer ( if its going owner occ) will almost certainly need seller credits for closing costs.

They will likely be better behaved and take better care of the unit if they know.If its a MF and I'm in a different unit, I can see the benefit of being anonymous, but even then unless you are a total "hands off" LL and let a PM handle everything, then its hard to stay "hidden"

I could see something for a credit pull or maybe some sort of appraisal fee, but 2% of the loan amount?

It gets even harder for you and I because we are not local so even the smaller credit unions that I was calling, wouldn't lend to an out of stater. 

Waiting and holding, we will benefit from some appreciation, and small but some amortization.

You can do this through a Home Equity Line of Credit (HELOC), a cash-out refinance, or a home equity loan on Property A.Tax Deductions: The interest paid on these loans is generally tax-deductible if the funds are used to buy, build, or substantially improve another investment property.

I have a renter with a questionable credit history.

Remember, your HOA's guidelines are designed to protect the value and integrity of your community, and adherence to these rules benefits all residents.HOAs are a common feature in many communities, playing a crucial role in maintaining the quality and value of properties within these neighborhoods.