I second Account Closed on this one, I feel like nothing kills a deal with a potential cash-flowing condo then a brutal HOA/Condo Association.

The accounting aspect is a an additional thought I hadn't heard before.I know some people have used this strategy in an attempt to avoid triggering a re-evaluation of property taxes.  

This is a solid idea, I will discuss my options with my accountant, and consider it as I proceed along. 

the dti will include all of your monthly debt obligations on your credit report as well as the mortgage payment you're taking on along with property taxes and insurance 

-Would it be better to ask for the down payment loan and construction loan from the same party, or are there any advantages to seeking loans for renovation costs elsewhere, such as HMLs or even credit cards?

As accountants on BP we cannot promote ourselves directly.

@Ruben GarciaI recommend finding an accountant that specializes in real estate taxation.

@Gerald ChewI recommend finding an accountant that specializes in real estate taxation.

If you are to go this route, here are some of the best 0% APR business credit cards.

Hey @Mathew Mathew, To help you in your search: be sure to find an accountant who is willing to grow with you, and is not too high priced fee-wise.