I usually tell new agents looking to join our office that they should expect about $3,000 before they get their first check on all of the business related items

If you're rehabbing the property and expect the value to be increased then you should be good to refi if you bought low enough.

Are they being conservative or expecting everything to go perfectly? 

In the future make sure your lease has a clause about changes made to the property and always put things in writing as you go along so everyone is clear of expectations. 

In here it will be unrentable as people expect these features.

Each is big enough to service the park, but given their age, I'm expecting them to fail at some point in the future.

With rent at only $1250 on a home worth 155K and no real expectation of appreciation there is no point in holding on to th eproperty.

I'm making an offer on a property today, expecting the purchase price to be between $35k and $40k but I've never financed a property in this price range. 

I don't think smaller necessarily means easier, based on my experience with the Triplex.On partnering with experienced person is not a bad idea, make sure to cover your expectations on Exit...when you expect to sell when does your partner.

It is important to know the numbers of each project, in the regard that each project might require a different structure for securing the loan, but never expect a perfect box to fit loans into.