Should I complete this refi and rent leaving the house as-is or should I consider updating floors and bathrooms and attempt to refi again with possible cash out? 

Do not attempt to write this agreement on your own. 

Here are a few more worries:  a new person in the building only adds to the likelihood of one more body possibly tripping and falling down the steps, or slipping in the bathtub and resulting in an ambulance trip to the ER.So, the added worries are many.

We started construction 6/19 and we're attempting to get the house ready for rent in August to beat the school year starting.

We started construction 6/19 and we're attempting to get the house ready for rent in August to beat the school year starting.

We started construction 6/19 and we're attempting to get the house ready for rent in August to beat the school year starting.Purchase Price: $300kDown Payment: $10kPrincipal: $290kMortgage Payment: $500Taxes/Insurance: $500Lawn: $100Vacancy/Repairs/CapEx: $360Total Monthly Expenses: $1435Total Expected Rehab Costs: $65k-70kTotal Expected Monthly Rent: $2400-2500Total Monthly Cash Flow: $965-$1050CoC ROI: 14-15% What made you interested in investing in this type of deal?

In your “first attempt” at REI, what methods were you using?

I’m trying to create a trail which shows that the LLC is generating income in attempts to qualify for business credit to fund my future deals.

We won and it was almost unbelievable she had the nerve to attempt to sue.

But it has been pointed out that that has most likely been attempted.