When I ran the deal by them and how I was mapping to pull it ofl w/the hm 1st for 70%, have the seller sign a contract to carryback 40% and the difference between the 60% in hard money funds that the seller was actually going to receive and the 70% that the hml was actually funding, I was going to pay all the deal costs(closing fees, points, etc..). 

We saw that the time to pull the trigger is now.

if you're the owner or have a contract for the property in question then I would show the inspector in charge of the property your positive engineer report and they will probably give you some more time to pull permits and begin the work

Can you refi any of your existing investments and pull out the equity to do this deal?

I am in the Northeast where things are a bit more expensive so that could be it to.I will tell you that when you pull out the capital expenditures that brings you to 1598 which increases your cash flow to 627/ monthly or $209 a door.

This property comes with a separate parceled build able lot that I just may sell to a builder to then be able to pull back out all of my initial investment.

The seacoast does have some great rentals that pull in good income, however the price tag is usually a lot higher than other parts of the state.  

Louis that I bought cash, rehabbed it and put renters in it and now that I added that value to it I want to pull my cash out.  

You are the end product of their meticulously designed sales pitch, and they use every buzz word to lock up your emotions in just the right way.

I am slowly getting comfortable with pulling the trigger soon but would like to know of quality/trustworthy agents, mortgage brokers, and property managers in the area that I could utilize since I am not physically in the area.