This situation has both criminal and civil consequences.

She specializes in redevelopment projects, initiating and coordinating with architects, subcontractors and trade crews to execute projects on site from initial concept to completion, while meeting time, labor, material estimates and projects specifications.

I am a 18yr+ construction Tradesman with multiple professional trade level experiences Carpentry (Framing/Finish), Painting, Flooring, Total Drywall, Masonry, Concrete, Electrical & Plumbing. excluding HVAC & Carpet.. the other trades I get it done correctly w/o having to redo work, I like to do my Projects on time..

(But at a higher interest rate) In the worst case scenario if the market were to correct and the value drops (similar to the 2008 crash), what are the repercussions or consequences of having spent some or all of that cash from the refi out?

Be sure to spend a lot of time upfront lining up your GC/trades, they can be challenging in the mountains and many front range guys won't make the trip.

Licensed especially for mechanical trades e.g. plumbers, electricians, HVAC.You have to start somewhere, your first one is a learning experience.  

Hi Alex,Sorry for my late reply but I was traveling to Belgium that day.I am here like you to meet people in the industry especially based in Barcelona.My expertise/job is  trading/negociation rather than RE.

Dollar cost average and don't worry about the day-trading.

The tenant is about to re-up for a two year lease at her current rent, which is now below market (trade off, I'd rather reduce the turnover than risk scaring her off by bumping up the rent).

If the people change, the neighborhood changes and as a consequence the real estate will change.