You need on the ground data points and experience to set yourself up for success! 

We intend to operate the property for one year to establish a strong income track record, and then use that performance data to refinance the deal with a traditional commercial lenderHow did you add value to the deal?

They can tell you instantly whether the finishes you’re planning push you into a new bracket or just polish your existing one.My Advice: there’s no magic multiplier — you’re blending data with market feel.

Limited land for new construction, combined with steady job growth in data centers, manufacturing, and lithium battery production, is driving demand.

May I ask a few things, it will help with my data:1.

Although I know it will pick up, does anyone have any tips on extra income ideas in the industry while there are slow periods?

I pay a little extra for audit defense in case I’m ever audited.

CoC is fine but its a measurement based on a very specific set of data - and any of those pieces could and will change (cash invested, interest rate, mortgage, maintenance, rents, etc.).

Some lenders follow a traditional method, and could lock in your rate on a long term loan, however there are many that will honor terms based on the actual factual data gathered. 

Owner was willing to work with me, long story short, he got himself a reno loan, I jumped on title, refied him off the title; leaving me with all the extra equity.