This is a relationship business so meeting w/ brokers, property management companies, lenders, and attorneys is essential.  

Something similar happened to me... essentially the lender made a mistake thinking I would get approved for 3.5% FHA on an owner occupied duplex, but underwriting came back and wanted a higher down payment.

Which essentially means no one entity can own over 10% of the REIT.

Yes, a refi appraisal should be after work is done on the property, same process essentially.

Just make sure it cash flows and you understand all the expense you'll be responsible for.My first two properties have been essentially turn key, although not from TK providers per se. 

Imo on your first deal, just hit a single, get something essentially turnkey ready. 

He told me that it wouldn't be possible, and that I either had to rent the rooms out individually or essentially kick out my current tenant to rent out the entire apartment.

Essentially what you want is a little old lady house.

After people tromp through it you'll essentially be selling a "not new" unit like a demo car. 2) who's paying for transport?

So essentially, I am hoping to get some deals where I pay less than 80% of appraised but I want to pull out the full 80% to maybe grab an extra few thousand dollars- but I need a quick turn-around.