I sell the property at an increased price, via connections with other investors or through the MLS.

Income verification, LLC credit, etc are all taken into consideration.

For most,  they should focus on income streams outside of real estate that can be increased and funneled into income property.All the best!

Banks want confidence that they will be repaid and using a property with greater equity may increase your chances of an approval.  

If you call them with an aggressive or defensive tone of voice, the likelihood that the activity will continue, or even increase, is strong. 

Two urine soaked mattresses, a destroyed couch, hopelessly soiled rugs and towels, broken plates, furniture, etc, etc.Between the damage and the lost income we’re out about $6k, not enough to file an insurance claim and make it worth the possible rate increase after the deductible.

I am using the 10% increase based on south boston's growth over the past 3 years.

Private Lenders tend to be a short term loan of about 12 months so you will have to refinance for a long term loan after all construction is done and hopefully that increases the value.Those two will usually charge you more interest for a loan but it usually does not kill a project. 

I am not well schooled in the financial world and was wondering if this would be a good option to increase net worth and decrease taxes.Looking for advice.

State and local governments have been significantly increasing taxes on rental income over the last decade by adding or increasing sales tax on rental income, Forcing all real estate owners to get liscenses to be able to rent properties, increased government inspections of properties prior to new tenants moving in, increased property taxes, etc.