I am only 6 months in and I am already well aware that this whole process is learning from the mistakes or missteps we make, and I am curious what you all may have encountered in your journey.Y'all are rock stars!

Great resources here and from all that I have encountered, there are some fantastic people too.My day job is the automotive industry and it pays the bills (for now). 

The key is to be organized (investment package), properly present your case (solid underwriting) and persistent.

I have learned a few things: Lagoons work well, but are more regulated than package plants or city systems. 

We both live in different geographies and its a pain point for either of us to travel to a different location all the time when we encounter a deal we are interested in.

I'll like to think this is not a unique situation but rather more of a common one investors encounter when buying properties. 

This package looks like a warzone purchase.

Contact a local attorney that does real estate and have them draft a loan package on your behalf.

Any work outside the scope of the initial plan is not permitted as the loan amount cannot be increased.If the project encounters cost overruns, those cost overruns will be the responsibility of the borrower to pay.Renovation Term Extension Fee: .50% of the total loan balance.

As a military family, we’ve rented for a good chunk of the past 23 years, but I’ve never encountered something like this before nor have we ever lost a dime of previous deposits.