After a 90 days I finally closed on the house.

Becoming a Realtor is a great way to go “all-in” on real estate, and finally quitting that day job.

After a 90 days (which is typical for assumable loans) I finally closed on the house.

My real intention on using STR’s is really just because of the tax advantages that can be carried over to my active/earned income when I am finally settled down at an Airline in the future (currently in civilian flight school). 

Unused contingency funds, unless they were received directly from the borrower, must be used to reduce the outstanding balance of the renovation mortgage after all of the renovation work has been completed and the certification of completion has been obtained.The loan is not re-amortized.Draw Schedule:The HomeStyle program has a maximum 4 draw process.The initial draw can be up to 50% of the total project and can be for materials for the project.The final draw will be at least 10% of the total project as retainage and funds will be released upon receipt and approval of final inspection, Certificate of Completion from Appraiser, signed All Bills Paid Affidavits and Lien Waivers.Additional Draw Information:Ø Signed Draw Request by borrower and contractorØ Signed All Bills Paid AffidavitØ GMG review and approve the draw request and will release funds for disbursementØ A check will be issued in the name of the borrower and contractor and delivered to borrower via USPSØ An inspection of work to date will be performed at 50% completeFinal Draw Information:Ø Signed Draw RequestØ Final inspection/Completion Certificate will be required for release of final fundsØ A Title Update showing property free from lien or encumbranceØ General Contractor’s Lien Waiver AffidavitØ Affidavit of Completion GR will review and approve the draw request and will release a check in the name of the borrower and contractor.Change Orders and Cost Overruns:Changes to the initial plan are not permitted unless prior approval by Guaranteed Rate.

Application Deadlines are updated on a rolling semi-annual process for each program, with the current upcoming deadlines as of this post shown below: Small Deadline: 11:59 a.m.

It might make sense to use a "semi- pm" model instead of paying for the various online platforms one would need to do these tasks. 

My goal here is to finally get into real estate investing and hopefully get my first property here soon.

Suited semi-detached in mature neighbourhoods tend to cashflow best right now.

t show.I read your story and it leads me to believe you were dealing with a HM broker and not the lender directly cause they won't even schedule a closing unless the loan passes UW, gets voted on by committee, and then stamped with final approval.