It's a pain in the butt, but at least it's a one time filing. 

Personally that would be a pain to maintain and do lol

And if your investor friend’s private loan helps fill in any gaps, it might be worth considering that short-term pain for long-term stability.What do you think you’d focus on first... paying off that line of credit as fast as possible or jumpstarting the renovation to boost cash flow right away? 

The only caution I give people is to make sure they have a solid income to where they won't feel the pain of the loan. 

It has ways to setup autopay via ACH as well, though I haven't had any tenants use it yet.Besides that, my best info has always come from other landlords.

But the draw request and fulfillment process really shouldn't be all that painful. 

I have 29 of them and rarely have any turnovers which are a pain and eat up profits.

You are in a deep **** if they declare tenancy and eviction can be extremely painful.

Quote from @Paige Corsello: Hi Bobby, the majority of my business is in Pittsburgh, PA and Florida Paige I can go 80% cash out in PA In FL I can go 75% cash out and 80% rate and term

Kind of a pain and also both less transparent and less efficient than before, but not drastically different.