Federal programs will require you to use GC/licensed folks for a lot of the work and they will get reimbursed by the institution that your loan is with; many GCs don't want to wait on the float time of requesting funds and getting them.Depending on the program and rehab/condition of the home, you may not be required to live in the home (think black mold remediation...bank isn't going to put you in a compromised position) however they may have min/max of when you need to move in.

I am a investor and co-host in Dallas but focus on renting out whole units.

Now I'm getting ready to start investing in property and I host some rental arbitrage properties on Airbnb.

As the owner of the property that is being severely mismanaged, do I have the ability to move the money directly to my bank through government action?

Just curious why you're looking at those two banks for credit cards?

Apparently this is not offered by most major banks.

The last forecasts I have seen from major banks and the MBA are still expecting rates in the 5.9%-ish range for spring 2025 (Q2) and that does not make any sense to me given what I see.

Much of my career was focused on REO properties, during which I ran a parallel small business that handled property inspections and performed BPOs for banks.

We used an REO broker to find bulk packages of foreclosed distressed houses for sale from banks.

Does anyone have a recommendation for an investor-friendly bank(s) in Burlington?