This gave me time to get the house super clean and rekeyed before handing over the key to the new tenant. 

In other words, you get $1.6 million in commitments and call for 37.5% at closing and the rest when it’s time to start construction.  

I would suggest starting with reading the IRC book all the way through multiple times.

Now is my time to get rolling.

That’s a lot to ask for guests that are only going to be there a short time.

Traditional lenders won’t approve it, and hard money lenders who offer this type of financing all the time look for experience, assets, or strong equity in the deal.Partnering with someone who has financing or experience is realistic approach when starting.

I used it for the first time with my most recent renter, secured through Furnished Finder, and when my renter decided to stay beyond the inital two-month lease,  Worry Fee Waiver asked specifically for a lease extension, not a new lease, indicating the switch to month-to-month. 

One unit was vacant at the time of purchase, so I was able to execute a House Hack followed up with some light rehab and eventually lease up the property.

      Yes, I was definitely nervous thinking that it would take a long time to see a response. 

@Jackson Harris would absolutely love to get in on a call I don't live in Phoenix at the time I'm in California but I'm going there in the near future.