I'm not sure if he's on this forum but he's been making videos on the process and is always willing to share what he's learned.

I hope you got an inspection contingency clause put into the P&S agreement as you could still back out if more problems come up in the inspectionNow the cash-out refi could work but that would require you to rent out the property for at least 6 months and pay closing costs again and now that the home is worth more you would have to make sure you will cash flow because everything from the taxes to the mortgage payment will be more per monthWith this being said the profit is there if everything with the comps are correct so I would say if you feel comfortable with it to go with that route.I also now am seeing this is a 3-month-old post so if it is going well then congrats if not then you will get'em next time (hopefully not losing money in the process) but if you didn't do the deal out of fear then I would say hit the books again (aka laptop) and get to studying and learning about all of your fears to see if more knowledge can combat those fearsHope this helps, good luck :)

The R20 zoning does have it's limitations but an ADU of less than 800 square feet with off street parking is allowed and the permitting process is generally quicker because of the nature of the building.

Metal water pipes start filling in as they get older, check the water pressure to see the condition of the pipes and for leaks and don't forget to check for leaks in the drains. 

After a week I dropped it down to 1600 and made sure it was listed on all major platforms.After the first drop, I have been contacted by about 30 prospective tenants (only 3 from Zillow, everything else from Facebook)Only 4 of them filled out the pre-screening form.

@Scott Trench from another angle, a couple of our borrowers in the retail/warehouse space have had vacancies they’ve been unable to fill.  

I don't see an issue with this return profile, but it would be helpful to better understand the assets involved, redevelopment process that's proposed and the bank leverage to better vet whether the return profile is realistic.

For sure, the "Underwrite" process becomes a bit more personal at that point.

I'm looking for something I can digitally send and can be digitally filled out and returned to me.

The process took way to long 6 months.