Never pay for work that hasn’t been done.3.Verify Work Regularly: Have an objective third party inspect the quality of the work weekly and provide updates.

This is pretty standard and should be in there, unless you went with non-standard docs

Yes, you will likely pay close to or at retail value if you are buying a quality property that has been properly renovated. 

He's very thorough with this standard inspections and he also offers "investor due diligence" inspections at a reduced rate.

Days wind down and now they have a (knee jerk) reaction and buy something non-optimal for a property just to avoid tax penalties.Had they been realistic starting out they would have had time to locate quality properties to buy instead of looking for a Unicorn.

You could setup something where the fees are deferred until you secure the construction loan and then pay them 1.5-2x their standard fee if they waited the 6-18 months to get paid.

Have you paid their standard fee (or beat them up to lessen it further) or a premium to cut the line when updates or revisions are needed?

Just trying to get a better idea of how proceeds from foreclosures work, since it sounds like you are just planning to sell the property and keep the profits (which may be standard, I'm not sure).

It's not like we have a gold standard any longer. 

Risk assessment and mitigation: Quick analysis of crime rates, school quality, economic stability and environmental risks. 5.