It lets you borrow against that equity to help finance a down payment or closing costs.

They both have their benefits, however if you're self employed you may not be able to take advantage of the top reason to invest in Japan, which is the insanely advantageous bank financing. 

@Garrett BowserAgree with Wayne as it will increase his insurance and bond costs for having this project on the books along with the liability.I would guess 3-5% of project costs.

Looking for something that helps factor in all variables, fixed costs, interest paid on hard money loans, reno costs, etc etc. 

What is the approximate cost?

What about for rehab costs?

So repair costs are $18,000.  

Rotunda West is not that far from Cape Coral and I am not sure if that is part of the reason, that people are waiting on the side lines once they found out property value is on the decline. 

As long as you have proof of mailing you're okay on the time (not when she receives)  If you end up spending less to clean then you may have to refund some of the cost. 

However, if tenant does not move in for any reason, other than Landlord’s decision not to rent the apartment, this holding fee shall be forever forfeited and shall not be refunded.Landlord Signature DateBy my signature(s) below, I request that the landlord accept $XXX.00 as a holding fee for (Address) and the payment of such fee shall result in the Landlord not accepting any other tenant(s) for rental of this apartment up and until the commencement of my lease on (Lease Start).