Some home inspectors are able to suggest a fair repair estimate to support the credit request.

The initial analysis is optimistic, but I get a sense that once I go through the actual 203k process with consultants that the numbers will change, which I’m prepared to accept and not move forward if the numbers don’t support my BRRR goals.

On a side note, I'll fly out to NC soon, lets meet up if you happen to be near Jacksonville and want to meet and chat RE.

The dividends might help you eat without selling shares, but real money is made when the price of Amazon doubles or triples over time.Now I believe a dividend helps support the price of a stock, so I wouldnt ignore it all together. 

Shoot me a PM and we can chat!

2) Does the property have enough cash flow to support increased vacancies during your improvement plan?

The origination cost associated with the underwriting team, loan officer, and support staff would be too high for most organizations to make the economics work on this small of a commercial loan.

If you want to connect and discuss further, I'm happy to chat. 

Should an audit occur, you need the firm to stand behind and defend you by then delivering the asset detail to support the conclusions. 

If you cannot find the documents to support the buildings current use as a three family, ask the city what they view the property as.