This one popped up as we were literally standing in front of it and my agent saw it on MLS.

As it stands, they can hand me keys on Sunday or, I file in court on Monday.

And yes, I would have a stand alone entrance.

It needs to stand on its own where it is today and be able to weather a downtown.I am more concerned about the rent control and tenant laws than the overall economy.

As it stands this minute, the collect LTV is.. 40 LTV...how common do you think that was in the pre-recession times?

There are some leaning and standing huge dead trees on my property and I hired someone to cut them.

Thanks Steve, you are spot on, but the part I am not getting past is how does your gut stand up in a court of law. 

I am motivated to lend you the maximum my underwriters will stand since I personally get a microscopic percentage of what I lend you.If there is extra equity for you to take out from the property under the above caps then sure, you can use it for the extra expenses like carrying costs.

If you sell, you stand to make $410k - $41k (10% selling cost estimate) - $190k (current debt) - $45k (renovation cost) = $134k.

All I'm saying is make sure the investment stands on its own even if it doesn't appreciate in the near future.