I say "may" because while I have read about this in several places, I have not personally verified this to be true.I usually pay contractors by check the minute the work is finished and approved.  

Your responsibility is the DP, and the CF accumulates to pay you back the full amount of the DP. 

Any tips or insights would be greatly appreciated!

This is effectively legislation to open up the market to new prospects. 

I agree that the full 25% deposits were high for new build rather than EMD.

Still cracks me up. 

Do you know how to read the credit/criminal background?

This is a unique home and it actually has a full kitchen, 2 bed and 1 bath downstairs and I think it might be well suited as a very large vacation rental(entire home) or both floors being rented separately at some point in time.  

@Raiyan KhanYou can search these forums for vendor recommendations but you can also join a real estate investment club in the area you want to invest and get the same info.

As a lender, it is my firm belief that honesty, transparency and service are the most important factors.