@Dan Duruskyhttps://www.biggerpockets.com/forums/48/topics/1169308-equit... you might want to check out my post here, and feel free to read around...You don't mention whether its been your primary, within the past 2 of 5 years. 

The check goes to the lender jointly with the seller's name. 

Hey NatashaDouble check the restrictions on changing historic homes.

Or would you double-check if it really was Nike doing it and not some scammer?

Add $800 for paint, floor covering and essentials plus my laborer for 2 days and my total cost was about $1400.I painted the 30 1200 to 2700 sq ft homes in Las Vegas with two helpers including ceilings and it never took more than two days to paint a house and that included removing all the electric wall plates, dropping ceiling light fixtures, removing smoke detectors, cleaning windows, installing new blinds, cleaning bathroom fixtures and it never took the 3 of us more than 2 days because I am good at knowing how to get the most from my workers like a Lakers coach knows which players to put on the court because the cost to do a paint job is not as critical as the time it takes because when I go to Las Vegas to manage a job I have to leave Los Angeles and my 20+ employees without my micro-management and "When The Cat Is Away The Mouse Will Play" if you know what I mean.I am a very difficult person to work for because I am 71-years old, a workaholic, a fast worker and when young workers are slow I fire them within minutes when they are working because I don't like to have to waste my time and stop the work I am doing to constantly check on my workers and I don't like to get emotional and have to keep correcting workers when they work sloppy and slow.

Also, check assessed land values versus assessed total values in the county where the property sits.

Where do I check the rents for that property?  

Check the language in the LC to see if anything about maintaining the value of the underlying asset (property).

Say you're checking out a couple of spots, one's 1,000 sqft for $1,000 a month, and the other's 1,200 sqft for $1,300. 

It's great that you're checking to see what others are doing, though!