Jacob,Before you get a contractor on board, you will need and architect and engineers to prepared drawings for submission to DCRA for permits.

Second permit submission should take place in February.

Let me clarify...you can...but then it charges the tenant double, so we have to remember to manually change it the month it needs changing (adding a reminder to a calendar for ourselves).9) No integrated calendar10) If you ever submit a help ticket, you can be assured that they will not fully read your issue and will respond w/ a canned answer which contains information you already typed in your submission.  

Also to be fair to @John Montgomery since I am in the Chicago Market...I understand the market for Hard Money here in Chicago is very different from other markets...The market would benefit from more competition because the handful of HML have their pick of the litter and can cherry pick deals...on average they won't even do a deal with a newbie rehabber, and if they will they will only fund the rehab portion to protect their interest and limit their exposure to risk.Cook County is a much harder county to do foreclosures in, and that creates a lot more risk for the HML...Finding a Good Hard Money Lender - matter of fact I wouldn't call most Rehab Lenders in Chicago HML because they function mostly like banks except for the interest rate and points...They want 20-35% of Investors Cash into the Deal based on Acquisition and Rehab...no matter what the % ARV is...Oh, and they still want 680 Credit Scores, and Full Doc Loan Submission...Not anything close to Asset Based Lending...Any HML that are considering moving to a market where there is a ton of Opportunity, Chicago is a great market.

So, seller financing is much more involved than conventional loan originations, conventional is a cake walk.I had one loan officer in my mortgage operation that had about 20 years of consumer, residential and commercial lending experience, he had free reign as to submissions and approving loans at a loan approval level.

I don't even want to waste time on their project submission process if these guys aren't official.

lol "if you don't know what you don't know", that's what BPs all about is asked questions, so don't feel stupid or inept, this is where you can ask what ever you want submission!

Also, someone who won't cringe with submission of low ball offers.

I've found that lenders are more likely to work with you faster if you submit your own ESTIMATED HUD1 with the submission package.I have one in Excel form that is easy to manipulate.

Most of the broker submissions are coked up fantasy-world assumptions.