Attending some networking events is a great way to learn from others who have been in your shoes and  get a further understanding of the industry. 

Some haven’t been willing to do that, and I understand, which is why I’m having the plans drawn up and will get them to the contractors asap.

Hi Lisa,Make sure you understand the PMI cost (if you aren't able to put 20% down) as well as mortgage underwriting/closing costs. 

@Christopher Winkler My understanding is that if you don't file a POC before the deadline, your debt is not included in the payment plan but your debt continues to exist and collect interest.

From my understanding you should have a separate account for all rental property expenses.

I understand that it would be a serious undertaking with rezoning, permitting, etc, so I'm in need of some assistance from an investor/contractor familiar with the process in Boston.I would love to hook up with a contractor that's willing to take on the job and work through the process with me. 

I feel like I have a better understanding of this now, than when I first posted but at the end of the day, I will give the end buyer all the documents I have and they can evaluate it themselves.

I do understand wanting to refi for more cash to get cash for your next investment though.

In addition to understanding ARVs I have implemented some fantastic software for my company that has all the built in metrics that allows me to create ARV reports in a snap.

When I was struggling to find the next best move and looking at his last move, he said "beginner players let stronger players lead them around the board because they don't understand the strength of their own position."