The easiest way to think of the draws is like a reimbursement where after you complete work on the property, the lender sends out an inspector to confirm that work has been completed then gives you funds according to what has been done.You should be using a lender for the purchase as well since purchase and rehabs offer the highest % of purchase price.

I do not have any experience with this specific program, however I have bought other software programs he offers and found it very helpful.

In your case, the finance charges you are currently paying will likely be less than any construction debt you originate so I would recommend first confirming with the existing lender how to release the developable parcel and then obtain all of your approvals before proceeding. 

Looking for some guidance from either property management company owners/brokers or landlords that have 100+ units managed through property management software such as Buildium, AppFolio, Propertyware, etc.. 

I use Turbotenant as my Property Management Software (PMS) to manage my properties and while I'm setting up my properties on it I can easily market the property with a click of a button and it will push out to all platforms that Zillow does not own: Apartment.com, Redfin, etc. 

I'd also put up a notice and have them call the old PM to confirm the change because there are too many scams going on.For the monthly fee, prorate it and determine a fair price for transferring funds and setting things up.

Did lot confirmations got 3 buildable lots and built new homes.. that took another year.. but in the end it was a profitable venture. 

The inspector pointed out structural issues, potential plumbing issues (hard to confirm since the water was not on but scary enough) since the house was built in the early 1900's.  

Hi there,I was wondering if anyone has experience with using Baselane for banking for their rental properties and thoughts on it.I will be closing on my first rental property in about a week and would like any helpful...

They're integrated with our property management software, Innago, so that makes it pretty easy for us to screen our tenants.