I find that follow-up is key with ALE and CRS.

—will be key to success!!

You probably won't get distributions during hold.Syndications are generally tax-efficient, and Michael highlighted several key aspects.

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, fly out to visit the market, tour properties, and understand the local landscape before committing.Indianapolis offers a mix of opportunities for cash flow and appreciation, so defining your investment goals is key.

Also, what key questions should I be ready to answer when speaking with an agent?

., 2021 and pulled $150k out to invest with a builder in SW, Florida who has yet to deliver the first of three houses in three years. 

The radio example you shared really drives home the point: what works in one market might flop in another, but the key is not being afraid to pivot and learn from it.I also really liked your point about keeping the reps up.

Depending on how much equity in the property would be key as you cannot borrow 100%, if its investment property 80% is max typically. 

Is there anything you can do about the scratch marks made all over a stainless steel stove? Functionally it works.. but dang. Deposit will take all of other damages left.