Don't know how much renovations will really cost, again, either PM or GC conversations.  

I feel sorry for the people losing everything in the fires , insurance will go up .But I wish I was the guy  driving this bulldozer ;t=162s

The very tragic LA fires have generated a lot of discussion about insurance costs.

If not and you wrote them the check, then most likely the $ is gone and suing for that money will cost you more than $1000 unfortunately.So cancel the agreement and request the funds

If the floating rate debt starts costing too much and there is no capital to replace a rate cap, reserves run out.  

Quote from @Beth Johnson: @Marina Wong No. we just charge the servicing set-up fee at close.

There is more maintenance cost when they are small keeping the grass down.  

A lot of private or hard money lenders won’t mind if you live in the property while you’re fixing it up, as long as you meet their terms.

If you don't, it can cost you everything!

Sorry one additional item I hit post too soon...The reason I asked about TIA is because you generally want to get a contractors opinion of cost prior to lease during that negotiating phase so you know how much that TIA covers and what you'll be coming out of pocket for.