Meaning, perhaps $100K is provided up-front upon purchase, then the remaining $50K stays with the lender in escrow and the borrower can draw on it as they complete repairs.

Building A More Complete TeamI tried to do literally everything myself on my first few projects.

This is going to be completely location dependent.

In May of 2016 my wife and I decided to quit throwing away money on renting and attempt our first live-in flip.  We bought our house for $214k in Henderson NV and have since put around $10k and a lot of hard work into...

I’ve been working through the complete money makeover by Dave Ramsey.

I don't think you have to use specific contractors to complete the work, you only have to use a 203k consultant - pg. 386/1009There is no specific time frame that repairs must be completed in a 203k loan.

We are personally comfortable being renters as it suits our frequent moves, but I can't help but feel like we could really optimize certain advantages like BAH, and VA/TSP loans with the right amount of research.The problem is we don't really have the time or interest to be long-distance landlords, and with very young children (and more on the way) the immediate time suck of rehabbing and the home chaos of living in a place under construction (if we went the BRRRR route) is almost completely out of the question. 

If you know how to price properly,  complete and adhere to standard state PSAs, contingencies, disclosures and addenda, open escrow and prove you are financially qualified to buy, go for it!

Yes, it's a large sum, but there was a previous all cash offer on the property and Kevin, while he is using a Mortgage, offered a higher Purchase Price and a higher amount for Earnest Money to be deposited on Contract.The Check for the Earnest Money on Contract was made out to the Seller's Attorney Mike as Escrowee, so I am assuming that the Earnest Money had to be deposited into the Escrow of the Seller's Attorney.Kevin then Applied for a Mortgage at a well known Bank.Title was completed and an Appraisal was ordered.Sometime around mid-June 2017, a few weeks later, the Seller's Step-Sister filed a Lien of Rescission to stop the Sale.When the Appraisal came back, the Lien of Rescission was discovered, the Mortgage Bank added the Lien as a condition to clear for closing.A Civil Case was filed against the Seller and the Case was suppose to take place around December 1st.Buyer's Attorney and Seller's Attorney agreed to postpone the original closing from 45 days after signing the Contract on June 13th to December 1st day, documented in email.The Case was then postponed to January 29th, 2018.Along the way, the Buyer's Attorney got sick and developed ALS.When January 29th, 2018 came, the Seller's Civil Case was again postponed to April 1st, 2018.The Mortgage Bank issued a statement that the Mortgage Contingency was no longer valid and has expired.Kevin then changed Attorneys.

From a theoretical standpoint, I think the live-in flip idea makes complete sense.