You need someone with boots on the ground to drive by the property regularly, inspect every 3-6 months, supervise maintenance, etc.

I love having a video/photo inspection prior to move in for my records.

Squeezing the architect costs to save a few thousand is pennies as compared to the hundreds of thousands coming by way of costs for construction (materials & labor), filing and inspection fees, etc.

We missed some simple things on inspections.

If you allow them, you must ensure they are spayed/neutered, that the tenants are responsible pet owners, and you should inspect every 3-4 months.

Here are some common hurdles that many investors face:Market Conditions:Project Management Risks:High Upfront Costs:Finding a Reliable Lender:Regulatory and Inspection Hurdles:Cash Flow Management:If you're in fix and flip game and need to secure funding.

When I get asked if I take vouchers or section 8 , I tell the person that the house hasnt passed a section 8 inspection .

The local government had my contractor create some basic drawings of the work, had me pay the permit fee and pay for an inspection. 

Also willing to check on progress of renovations or give you a second opinion on any home inspection or help you find the subcontractors you need to get things done.

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.