You have to front the deposit, which the contractor uses to get stuff done and that allows the drawing process to start from the escrow of rehab funds. 

I’ve been dreaming the last few years of starting an event venue, something for weddings, gatherings, etc., preferably with a great outdoor space.

Quote from @Diana Mulvihill: Hi all,Looking for some advice, please.I started my STR about six months ago, and it’s been going great.

Any advice you would give to someone first starting out?

Start with BiggerPockets Ultimate Beginners Guide (free).

But I'm looking over numbers and I'm starting to think it may have always been a bit of a unicorn that appeared once when the stars aligned, but otherwise doesn't really make sense under MOST conditions.I've nerded out a little and ran numbers comparing interest rates, P+I payments, and initial principal balances and I've found with MY assumptions, that the 1% rule is actually NEVER a valid filter. 

That way, they feel locked in while waiting for the rule to clear.Just communicate—if they really want the house, they’ll likely wait rather than start over.Good luck closing the deal!

What are you thinking to get started in investing?

MAREI meets next week - we have a new meeting place starting on the 12th at the Double Tree. 

We quit real estate investing and it took me 23 years to start again.