----Bonus Question: It looks like the project estimate will be close to $200k all said and done which seems like a lot (Prefab, permits, foundation, utility installs, etc).

Bonus points if the lender can do const finance and then final occupied financing.To get that, you'll need:1) Figure zoning out and how many you can or want to build2) Go to architect and builder and get a sway on layout and costs3) Most painful, go to the governing entity for permits and pay your soft costs. 

I like at appreciation as an added bonus.

Bonus points if you finance the work either before or cash our refi so you can use the money to buy another property.

I didn’t see a penalty for not refunding it all within the allotted time (Some states award 2-x3 to the tenant for not returning it quickly, never any bonus to owners.).

If ever you hire can the timeline give them a per day bonus, if they go over timeline, Doc and pay per day.

I've tended to view appreciation as a happy bonus and not the basis for why I buy a property in the first place.

They actually own and operate many communities, and as a bonus, they are both very smart guys and sharp operators.

Do you know if they are using all of your income including overtime, bonuses, higher income if most recent year is higher. 1099 income can be tough for some lenders since they use a generic worksheet and do not do the math correctly.

BONUS TIP: 6.