Keep us updated on how the rehab goes, would love to keep up on your project.

Is it uncommon to have your ARV be appraised in such a way that you can refinance out and get reimbursed 100% of funds put into the project?

Based on projections and current bookings, I'm on track to make anywhere from 35-50% more than rental cost each month.Yolanda

Another option was to level it and put up a duplex which will cost about 400k and I️ work with a GC which we would do all the work and his brother has the money to invest into the project to make it happen.

You need to budget the rehab project for worst case scenario and it still needs to work with that rehab cost or you risk going over budget.

They have a great deal of latitude on what they insist you pay, and what you actually work out in payment.Providing, that they are not a corrupt department, and most are Not (Some are quite political, with very "Selective Enforcement") Code officers and department would appreciate have a Foreign Landlord, who is in contact, works towards substantial compliance, and who they know they can trust to resolve an issue.That usually takes time and money.You need to explain , to them, that you "had a Terrible Property Manager, and have since changed and expect it Not to occur again."

Hey BPso im a canadian resident and i own a property in SWFL in cape coral worth about 200k, it is fully paid off so no liens or mortgage or anything.Im looking to refinance it to pull out my cash and move to another project and just rent this out, I called the bank of america and they told me they could give me 50k or something line of credit with 19% interest secure with my house but thats obviously not what i want at all.

The city I'm investing is very political so I knew I needed to seek out the architect and attorney who in this case do about 95% of all of the submissions in the city and get most applications past. 

I'm expecting a short term drop in prices at the beginning of 2018..Also, the $40 Billion housing project will definitely have pressure on prices

Is there any chance to receive a financial backing to move ahead with this project?