The conditions on the ground going into the project may not be the same as when you complete!

I have something I will buy regardless of others’ buy-in, but the way I see it working is I get it under contract, present my plan to a couple others who are interested and more experienced, they agree to partner and we complete the purchase together.

Of course "hoping" rates will come down is not a sound strategy so finding a way to assume a loan that already took advantage of low rates is a great option.If you were starting over and targeted a large SFH, would you try to maintain the property in a way that would still attract regular homebuyers (not investors) if you needed to sell?

Quote from @Cari Sweet:  This sounds like a case for Fair Housing- Familial Status discrimination. 

This is how they ensure the work is completed and the project is staying on budget.The questions you should be asking are what is the draw process.

Definitely sounds like an interesting asset class.

Sounds like I can safely write them off only after I purchase the rental and start the renovations to ultimately rent it out.

@Troy Smith If this is your first BRRRR deal I'd meet the appraiser, shake hands, and provide a paperwork describing all the renovations you completed.

Commercial brokers no the process, also know the players in finding buyersIt’s a completely different ballgame.

Both sound strategies.