split the home into two units, upgrade appliances, add hvac, split the yard for each unit.

I am liking a lot of the upgrades REI Blackbook has done and I use them for my crm right now though.

Or, is it possible to use a PML for just a downpayment for a turn key DSCR multifamily property not in need of any upgrades?

This means the current tenant pays the broken lease fee, and that’s it!

E.g. fire rated construction requirements on main homes, survey & soils reports, utility upgrades. 

Electrical wise duke doesn’t charge a fee so it will just be your electrician fee to set up the home for 2 meters so if only doing a service upgrade could be $3000-$6000.  

There's also regular inspections of both the living conditions and conditions of the home, and I've known some LLs in my area to fail for really stupid things (like a broken screen that the tenants must have broke), and if you fail no money until you pass. 

I upgraded from Beyond Pricing to Revmax and have a dedicated Rev manager that looks at my properties daily. 

If you've made upgrades and you put 10% down, surely you can get in to conventional and drop your PMI- that is going to save you even more on top of a lower rate. 

I explained that my max occupancy is for 8 and they have grossly broken my house rules.