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.

Also make sure you have a good inspection done.

More specific to your question: a BPO and and inspection are not the same thing, and inspections take time (we don’t do them ourselves of course).

If the tenant says mold is present, inspect the home personally. 

My Guess is these are likely small enough items/repairs that probably weren't looked at too deeply or considered during the due diligence and inspection, which I would totally understand.

Yes, CT will allow you to pull the permit as an owner/builder but a permit and inspections will not shield you from construction defect litigation.

The days of buyers quickly snatching up properties without thorough inspections are over, as today’s market demands more caution and deliberation.2.

Complete inspections before the end of the identification period.Replacement properties closed before the end of the 45-day identification period.1031 ConsiderationsBelow are some 1031 exchange considerations that you should be aware of:Before listing the relinquished property, select a 1031 exchange agent.

Personally I would never go past inspection period without stepping foot in the property.