I’d prefer less outsourcing on behalf of the banks and fewer web portals/ apps/ servicing companies because in my experience the more entities involved the more glitches, so adding a VA and another layer of software to the mix doesn’t sound inviting.

Chillaxin in Crete, life in paradise, watch the springboks put a hurtin on the all blacks, a little brai, pop back a few black labels......

Federal programs will require you to use GC/licensed folks for a lot of the work and they will get reimbursed by the institution that your loan is with; many GCs don't want to wait on the float time of requesting funds and getting them.Depending on the program and rehab/condition of the home, you may not be required to live in the home (think black mold remediation...bank isn't going to put you in a compromised position) however they may have min/max of when you need to move in.

It sucks to admit that there wasn't tight oversite on the deal to ferret this out b4 the sale happened and its subsequent consequences and it sucks for your client that they have made, for at least the time being, an investment that is not going to be in the black in the immediate future. 

Just click on thelittle black triangle to the left of the name

Not only am I sorry you lost money but it gives a black eye to us legitimate lenders everywhere.

Just the other day I saw someone had used black sheet rock screws in the hangers on a brand new deck (non-permitted obviously, and not a single lag or any flashing on the ledger board, and they painted it immediately before the pressure treated lumber had even dried out so that’s going to peal in the first year, at about the same time that those sheetrock screws start to rust lol). 

Quote from @Sean O'Keefe:In your article you said, We had a recent court case which said in black and white: you cannot calculate an average if you do not have at least two numbers to average.Can you provide the court case reference? 

I'm a black country boy from tuskegee alabama  that don't mind promoting someone  that actually has a course and community  of investors  that's worth much more then the money you will pay for a courseThis was the review I needed, any tips to make the best out of the program and did you have to use a lot of your own capital to get started in the construction process or was the network of private lenders. helpful So i started off on the program focused on building houses.

My bookkeeping firm provides me with a steady active income, which allows me to keep doing deals, cover unexpected expenses, and navigate the occasional black swan event.