Draws are almost always held back until you reach certain points in the project or that work is completed.

What if I finish the project in 3 months do I owe any more interest on it?

Crickets...At this rate, it will be 2+ years before the project is finished.Anytime you ask for a project plan or schedule you will get vague responses with no actual plan.

I see the website and they have construction crew which turned up when I requested some renovation work for one of my other project.

Time is money, and SB-423 speeds up the permitting process, making it easier to get projects off the ground with reduced delays.Navigating Carlsbad’s ADU RegulationsUnderstanding Carlsbad’s ADU regulations and permitting procedures is essential for successful development.

Your total project cost is only ~ $143k. 3c) Your interest rate is probably going to be in the low to mid 7s, at least4) All states/areas are different, but I usually see with my CFO clients that their property taxes are higher than their insurance, with taxes often 1.5x higher than insurance.5) Lastly, I saw PM fee of 8%, are you paying someone else to manage this?

I dont currently have any projects going in CA at the moment but I have been looking for a Summer cabin up by Truckee and I suspect insurance will be an issue although I will pay cash but I will still want some coverage.

Since we aren't in that state it would cost more because we can't physically be there to track projects, network for contractors etc.

When financing these projects, keep in mind that some lenders may require a larger down payment or charge higher interest rates due to the increased risk.

. - just the inconvenienced existence of fixing up one project at a time.