Speeding up the pickup and drop is helpful in cutting down on time, however the Architect (and their office) are the ones to make the actual drawing changes.

•Get clear on your end goal ASAP so you align the rehab with it.Ultimately, there’s no universal “right” or “wrong” answer here—it depends on your situation and goals.

Borrower Types: The Professional - HM Lender will cut sweet-heart deals to keep these borrowers around Experienced real estate investors Regularly engage in property transactions Typically have a track record of successful projects The Newbie - Charge Higher everything as the risk is higher as no experience Novice investors or first-time borrowers Limited experience in real estate Seeking to build their investment portfolio The Deadbeat - Only lend if the deal is so SWEET, they can't lose if they take the property from the Borrower Borrowers with poor credit history or financial difficulties High-risk borrowers May struggle to secure traditional financingThe lender will do an application on the deal/borrower and some standard docs they require are:Hard Money Application / ExperiencePurchase contractARV report – COMPS – See * Redfin*Pictures of Property – most people use Dropbox to shareProof of Funds – Down / Reserves (Bank Statements)Personal identification (ID or passport)But usually if the deal is sweet enough, they will do it anyway because if the deal goes south, there is so much equity/value in the property that the HM lender can't lose.

If the seller owns it free and clear and/or has a lots of equity, see if he will agree to owner finance it to you for smaller down payment.

His lawyer said no , but he said that 5 million was a good number . he tossed the keys across the table , told her to open the gates at 5 am and warm up the trucks , and a whole list of things , and to cut him a check for 5 million . 

Hi Alex,You're off to a great start, and it’s awesome that you already have clear goals in mind!

The most likely scenario is that his renters will eventually do something that costs him a significant loss, despite cutting them a major break for so long. 

Quote from @Bryan Maddex: Hey @Shawn CallanI sometimes cringe when i see some replies to threads so lets clear up a few things. 

If she complains, tell her she's clearly not happy there and needs to find another place to live.

The wire instructions I received were also different from the entity listed on the contract, but in my case, they explained that the funds needed to be sent directly to the contractors handling the rehab, which aligned with the project’s structure.I proceeded, and everything went smoothly, with clear communication and regular updates throughout the process.