But when a refi happens right before a sale and 1031 the IRS has had a tendency to view that as a way of taking profit and subsequently disallowed the exchange if it was audited. 

I have a question, which I have yet to find an answer to in the forums. Although I'm sure after writing that statement, someone will share a link to a forum thread that I have yet to discover. (If you find this, pleas...

I live in Point breeze and I'm working on new construction projects along side hundreds of others that are helping to increase home values in the area every single day and keep them up for the long term.

I am facing a $200 increase per month.

My wife and I agree to allow them to dispute the appraisal with my lender. during this past week, the sellers apparently felt we were balking at continuing on the contract, and honestly we were, because we had seen other deals we might like to consider, and let's be honest, we don't think the dispute of the appraisal will net a $35,000 increase in value and make the sellers happy.

Since the equity is not helping you gain anything outside of security if you are comfortable with a little of risk on the property you could leverage to increase your income.

This transaction is considered an increased risk transaction.

The goal is often common as to buy one at below market price with an opportunity to add value, raise rents, reduce expenses (increase NOI/Reposition it) and sell (or re-fi) within 5-7 years based on loan terms and exit strategy.

If so do I increase the rent to the current market rent?

If they are current is there room to increase after the Rehab is complete?