203K contractor questions

[Agyei Axum]

Hey BP ,

So this is my first 203k. I have a contractor going in for a cost estimate this week and have some questions.

- Since you have to be licensed to do 203k, can a contractor over estimate the work in their favor ? Should I get multiple estimates?

- What are some mistakes you made early in the 203k process?

- Is it true that we can’t live in rent until 100% of the work is complete ?

Any 203k tips are welcomed. Thanks in advance.