Private investor/HML Funding

[Alec Anderson]

Hello BiggerPockets vets!

My partner and I are looking to flip and invest in our local area. We have some capitol but would like to use it as reserves seeing as we both have fairly new house hack primary's. Our plan is to use our strong credit and HML of 85%PP and 100%Rehab to fund the flip. Also use OPM to fund the 15% through a Promissory note. All funds need to be paid through 1 LLC checking account per HML requirements.

Here is my question where does the 15% from OPM go to protect their money and give them confidence. Does this all happen quickly as the deal is found? I.e. Keep Private investors money in (account in question,) find deal, HML approval, offer accepted, come to closing, begin rehab.