It really is laughable.There are much better investments for a lender where they could stay liquid and collect 4% versus loaning on a hard asset that may or may not pan out and perform.Lenders price in risk for a reason.

Some want a period of seasoning (having owned the property for so long) before lending on appraised value versus cash into the property, but many are willing to loan on appraised value as soon as the property is rehabbed and rented.

At the end of the day, it's going to come down to the numbers (cost versus what rent you can charge) so talk to a lender and get those numbers -- then come back here and we will love to advise =) Good luck!

@Dave SilvaWhat kind of price difference are you looking at for the ductless systems versus just replacing the furnace?

My concern now is, how difficult is it to obtain a loan from the bank under a LLC versus under my own personal name?

To determine a reasonable percentage, I like to look at the ratio of square footage in the rented room versus the entire home (for during the rental period only if it wasn’t rented for the full year).

The seller usually has less outs than the buyer.If you do go to court, you’ll have to weigh to cost and effort versus letting the deal go...

I was comparing the two versions of going forward working with someone versus doing it on my own from my current financial situation and it just seems according to the numbers like I could get further faster working with someone, even that overpriced capitalist night terror.

@Dave Van Horn :  I like the distinction between working in the business versus working on the business. 

Typically this is due to the higher number of rental condo's in the project versus owner occupied?