In my market, people don't really care about a modern bathroom (rather low rents).I typically only touch-up bathrooms (paint, new fixtures or toilet if needed - and by needed I mean if the fixture or toilet is wasting water). 

Gives you the option of still having that low down payment and you can still do some rehab to build equity into your home. 

They have point of use options for low cost install or an in-line option, which may require a plumber to install, but they are more concealed and permanent.

If the income level in the zip code is very low, you will have a large amount of churn.

Been working with Lima One, but their rates seem very high considering low LTV and this being an asset-based portfolio loan for a 5/1 ARM. 

Been working with Lima One, but their rates seem very high considering low LTV and this being an asset-based portfolio loan for a 5/1 ARM. 

Comps are in the high 160, low 170 range. 

If you did you'd probably charge a lot of money and probably give low limits so you can protect yourself.

Your total expenses (not including debt service) is coming in at 30% of GSR, that's really low, like REALLY low.

This is because traditional banks/lenders are going to go off the income you report to the IRS, which especially for small business is typically really low after expenses/write-offs (investors often run into these issues as well after investment property write-offs).