If you cannot get your refinance done the lender can swipe your freshly rehab house.

All in all the damage was very minimal and most of it just needed fresh paint or cleaning.

I saw this process from the perspective of my family members in Greece and finally, finally understood -- I may not care too much about becoming wealthy and having a luxurious lifestyle, but money is power and anything other than affluence is weakness.

Thank youWell, I hate to go down this road, but it seems to me you're pretty much committing mortgage fraud here.If you inflate your profits, the IRS doesn't really care and will happily allow you to pay higher taxes than what you ought to.But from a lending perspective, "only deducting expenses that can later be rolled back into my income by lenders" is deliberately massaging your self employment income to qualify for a loan.  

And that you now need to focus on rebuilding the reserves so that any critical repairs (like leaky faucets, hvac, etc) can be made in the future.Typically, when you point out the business side from your perspective and explain to them what you've already done even though it wasn't needed, most tenants are going to be understanding. 

So the shadiness "worked," from the lenders' perspective, because it brought business in the door that closed.

But, the syndicator has a lot to do up front from a time perspective and financial perspective.

If you want more advice from an Architect's perspective for an addition just PM me.

Hello!I am relocating to another state for a new job and am trying to decide if I want to sell my home and re-invest in something up here.  Some final facts I need to make a decision are the tax implications, any help...

I look at it from the perspective of needing reserves for several purposes:Operational Reserves - PITI of 6 months (lenders will count easily accessible funds such as IRAs, but I prefer cash in the bank).