The lease and tenant application should have the information you're seeking and this should have been sought after during your due diligence period.

Hi Everyone,I'd appreciate some referrals of local banks offering less than 25% down for products involving BRRRR or renovation loans. Or perhaps many have tightened up their risk. Thanks in advance!

You should seek legal advice from a local lawyer.Personally, if I were in your shoes, I would insert something like the following language in a conspicuous place to the offer:  "This offer is contingent on the current tenant's vacating the property no later than [INSERT DATE]. 

If you are looking out of state as well as local, you should seek out an agency that is licensed in many states. 

Why should a new investors seek out multiple different Lenders?

By asking this question I seek their wisdom.What are you learning now?

The way I read this, is it's my well, and I can run another bathroom off of it without having to change anything regarding this agreement or seeking the neighbors blessing/permission. 

Type of property: MultifamilyLocation of property: Asheville NCPurpose of financing: Cash out refinance / constructionType of financing sought: Not sure, seeking recommendations for optimal strategyCurrent or prior ownership of real estate: Currently own primary residenceOccupancy: owner-occupiedValue of property at present and/or your offer price: 250,000 Anticipated or actual appraisal issues: There aren't that many similar properties in my area so comps may be difficult on the duplex.

I'm partnered with someone who has been in development for 30+ years in traditional commercial assets like office, industrial and retail, but self-storage is a new arena and we're seeking some help.

The key is to find a bank that is aggressively seeking loans and deposit accounts.