and yeah, i know, industry research shows no significant impact on surroundings.

You still have to be sparing with it though...do what is in your best interest and don't give people A REASON to impact your livelihood because of their jealousy.

I tend to disagree with the lawyer in that saying something is "Wood ROT" when it is an active infestation and just replacing the wood to me whether it is intended or not is "fraudulent concealment".Also they could claim you misrepresented and "adverse material fact" with the property.There is also another sticky part to this in that your wife is a licensed broker.The buyer could file a complaint with the state real estate commission.They will investigate and could sanction or suspend her license.This thing could turn into a HUGE MESS.You could tell the buyer you won't pay for anything and see how they respond.They could then sue you.

I tried to develop a market rate complex a few years ago but the impact fees were so high that the numbers didn't make sense.

In my experience it does impact your ARV.

There is no reason to pay more up front for loan costs for a slightly lower payment.But, who you do business with may have more of an impact on your operation than a few bucks or eighth lower rate.

All of these issues have an impact on refinancing the deal, besides his credit and equity established.

Lost revenue for the city is in the millions, and Charlotte is indirectly impacted as well.

This will impact your ability to borrow and that is an importnat consideration, especially for new investors.

Perhaps you should check comps for 1.5 bath houses compared to 2 bath houses in your area to determine if the impact is dramatic or not.