I would check with the lender if they can perform a second appraisal because I am almost certain it will get flagged by underwriting.   

Investors will pay the syndicator via by the performance of the deal with a split of the cash flow and appreciation.In exchange for the sponsor fee, you are able to be completely passive as an investor.

NPLs vs. performing pricing?

Unfortunately, the home inspection indicated a cracked foundation and pretty extensive water damage in the basement, so I had to call off the deal.

Today it cash flows immensely.Try to start thinking 4 dimensionally....focusing on how the asset performs over the course of time.

@Robert Tinker how's the corpus one performing?

It was a bit of a stretch at the time but 8 years later and I'm glad I did.  

The policies continue to perform because the insurance company loans me the cash and uses my policy cash value as collateral. 

One strategy might be to do smaller less extensive changes than originally planned.

(I'm patient and will need an extension anyway due to my K-1s) I have been trying to find a new CPA for my 2021 taxes and so far the only ones who have real estate specialties that I have been able to get a hold of are those who assist active investors who structure the deals as a GP or RE investing is their main source of income.