Scenario - Purchase a building for $70,000Initial improvements $25,000New value $145,000Refinance at 75% of $145,000 = $108,750 mortgageThe problem that I am running into is that I am showing an long term asset value of $70,000 + $25,000 = $95,000 but an offsetting long term liability value of $108,750.  

Unless this type of set up and arrangement is very common in the area.

scenarios to form up your final Operating agreement.Good Examples of "What IF" scenarios:What if you get hit by a bus? 

Duplex houses are common.

@Eddie Memphis Common in this area to include water/sewer/trash.

Chicken and Egg: I can't seem to (so far) get a lender that will work through the scenario with me, so I don't otherwise waste everyone's time.

Embrace the picture rail at the ceiling.My original roof, made of VT slate (this is a common New England material for roofs) could last 150-200 years total with regular maintenance.

I have a client that goes to the building and asks the tenants that might be either in parking lot or common areas questions. 

My goal is to have 20 doors via the BRRRR method.Bought my first property in cash, split it in two, rehabbed it and are about to start renting it, have been approaching local banks searching for a refinance mortgage but without any luck since I don't have a W2 or the revenue history (2 years) that the common bank is looking for before lending the money for the mortgage.Can anyone recommend a credit union or bank that can provide an asset-backed mortgage for the property without looking at the personal finance?

A common theme among the homes that would qualify as a BRRRR opportunity are that the properties would be very aged and typically need and entire gut job to be done correctly.