Unused contingency funds, unless they were received directly from the borrower, must be used to reduce the outstanding balance of the renovation mortgage after all of the renovation work has been completed and the certification of completion has been obtained.The loan is not re-amortized.Draw Schedule:The HomeStyle program has a maximum 4 draw process.The initial draw can be up to 50% of the total project and can be for materials for the project.The final draw will be at least 10% of the total project as retainage and funds will be released upon receipt and approval of final inspection, Certificate of Completion from Appraiser, signed All Bills Paid Affidavits and Lien Waivers.Additional Draw Information:Ø Signed Draw Request by borrower and contractorØ Signed All Bills Paid AffidavitØ GMG review and approve the draw request and will release funds for disbursementØ A check will be issued in the name of the borrower and contractor and delivered to borrower via USPSØ An inspection of work to date will be performed at 50% completeFinal Draw Information:Ø Signed Draw RequestØ Final inspection/Completion Certificate will be required for release of final fundsØ A Title Update showing property free from lien or encumbranceØ General Contractor’s Lien Waiver AffidavitØ Affidavit of Completion GR will review and approve the draw request and will release a check in the name of the borrower and contractor.Change Orders and Cost Overruns:Changes to the initial plan are not permitted unless prior approval by Guaranteed Rate.

View report*This link comes directly from our calculators, based on information input by the member who posted.

I've posted some of those links below to help your research. 

If you personally guarantee a loan in the LLC's name its grounds for piercing? 

View report*This link comes directly from our calculators, based on information input by the member who posted.

@ Mark thank you for the webinar link. 

They also give you a written guarantee that they will help you profit $50k in the next 12 months.

If you wait two years and have only used it for limited personal use then the IRS guarantees your investment intent under Rev Proc 2008-16. 

Just feel free to shoot me a message and I'll send you the link.

I do showings during an open house, advertise an hour window and anyone that wants to see it can swing in.I also would start with zillow rental manager and set up a separate gmail account for the property to link to the zillow account.