for a unique deal like this they might be more open, considering finding funding isn't as straight forward. just also be sure you have a backup plan for this property... what if they don't renew their lease at the end?

Originally, we planned for me to handle the down payment with my HELOC, and my partner would pay me 50% of the HELOC payment each month while getting his own mortgage for the rest (75% of the purchase price).But it turns out he couldn't snag a mortgage for the full amount.

The Deal: - Need a growth story that is believable (value-add plan makes sense in context of asset and market.- Financial models need to  assume exit cap rates are the same or higher than purchase cap rates.- Comps support both acquisition and exit cap rate assumptions.

Alternatively you could possibly look into an SBA loan if you plan to owner occupy one of the properties (depending on your current role and whether its W2 or etc.) 

The folks I know who work with them seem happy, but I know you have to pay for their strategic planning before they will onboard you as a client.

I am very optimistic the new administration will improve the city. 

We plan on building on the property in a couple of years but may go ahead and clear the trees soon.  

i normally don't worry too much about appreciation - what's your plan / exit strategy for the property?

My plan is to rehab this residential home I recently purchased, cash out refi- then use the profit from that home to finish up the church property that I  acquired and run a business out of that property.

I am planning too do padsplits in my current markets and know the best thing to do is add bedrooms and bathrooms but want to know if this will increase my properties overall value for a higher refi amount or if it won't change anything unless I increase the homes sqft along with adding the bedrooms and bathrooms.