Make sure you get a "Release Fee" on each property; this is an amount that is to be paid to release a property as collateral in the event you need to sell, or if you have an insurance loss that insurance proceeds will be applied to the subject property and not to the whole loan keeping you stuck with an encumbered damaged property, remember they don't make construction loans as a second and the blanket loan won't subordinate (usually) to another lender, it could get messy, so have a release fee stated and understand how payments will be applied.A line of credit is not a blanket mortgage but a line of credit can use other collateral, different animal and it may or may not fit you needs.

I wrote the contractor a letter reminding him of the sequence of events and his shortcomings.

Many hosts think CSAT (customer satisfaction) is a one-time event to drive 5 star reviews.

There is a buyout in the event you expect to turn it quickly.Example: 100k purchase, 50k rehab budget. 10+ experience; 680+ credit score.90k purchase funded; 50k rehab funded.Let's assume 4 draws.Draw 1 - $10,000 (Paid at closing - that means 90k credit at close PLUS 10k credit at close from rehab budget).Draw 2 - $17,500 (Paid when draw 1 is complete).Draw 3 - $17,500 (Paid when draw 2 is complete).Draw 4 - $5,000 (last draw is reimbursed when last draw is complete).Connect with me via email and I can give you some references.

Hi Patrick, please send me more details regarding the networking event.

In the meantime, they keep running through the BRRRR motions believing they are growing a real estate empire because the BRRRR method pencils best in these neighborhoods which lack the fundamentals that will equate to a true realization event. 

Your debt you are taking out does not incur any taxable event, so using that capital for your purposes is wise if you want to keep the asset the debt is held against, assuming your getting a better rate of return then if you didn't have the debt. 

Does anyone know of useful meet-ups or events in New York City?

But is it still possible to put a sub meter like device on individual units just so I know who may be running a bitcoin operation so I can send notices to the right units in that event?

My only complaint is that they couldn't stick to the agenda to save their life - as an event planner myself, It was incredibly irritating.