With a fix and flip loan you will need a detailed budget and full appraisal and the funds will be approved only if the market calls for your specific upgrades.

Purchase price was $1.1M, purchased fall 2016, but we sold our home to purchase this, so 90% of the downpayment came from our house.We're now working on a refi to pull out cash for the next purchase (we rehabbed all units and want to pull our rehab budget back out of the property).

IF you have zero experience in an investor, this is your first property, and you are not a season contractor who knows exactly what renovations can cost, take your 25K budget and increase it by 50% minimum.  

you have no legal standing to see association budget docs/ financials if you are no longer an owner.

Hard to say without knowing your budget, skills, and goals.If you are wanting us to randomly throw out effective strategies, here is one ... if LA proper is too expensive and too competitive for you, then go East young man ...

The rules say 35k but they require a percent to be reserved in case you go over budget so that is where the other 5k goes. 

It's an expensive project and would like to keep it very budget friendly so curious to hear thoughts on the best method to hire architects / contractors.

Hey Jeff,Thank you so much for such a warm welcome.I have read a lot about SFH Investing and I believe it suits my personal finance and budget scenario.However, I would love to get your perspective on Multi-family homes and learn how I can use it to my advantage.

Hello Biggerpockets community I need your helpAfter Repair Value- 389,000 Seller is Asking Price- 319,000(I'm going to try to negotiate 272,000)Rehab Budget- (controlled budget) 50,000My Maximum Allowable Offer 241,750My question is what would be the best way to structure this deal?

Hello Biggerpockets community I need your helpAfter Repair Value- 389,000 Seller is Asking Price- 319,000(I'm going to try to negotiate 272,000)Rehab Budget- (controlled budget) 50,000My Maximum Allowable Offer 241,750My question is what would be the best way to structure this deal?