The LOC allows repair cost inclusion in LTV calculation.

AITD All Inclusive Trust Deed works well.     

INCLUSIVE COMMUNITIES PROJECT, INC., ET ALThe ruling by the activist supreme court justice Kennedy opened the door that mandates the Federal Government to provide low income housing in nice high income neighborhoods, segregated by income.   

@Anthony Dooley  common in the land game since you can't get bank financing to owner financethen you do a wrap when you sell.. or they also call them AITDs  ( all inclusive Trust Deed ) in trust deed states..

All inclusive trust deed or Wrap financing.

I would also include a management expense in your analysis because a) you may not always want to manage the property and b) down the road, when you decide to sell or refinance, the bank and most sellers will determine their NOI inclusive of management expense, so you'll want to ensure that your numbers aren't skewed right off the bat.In terms of when to start leasing, I think it depends on the nature of the building.

Research AITD (all inclusive trust deed) and wrap-around mortgages for some ideas.

Being a GC, your subs have inclusions and exclusions, you have to cover all those exclusions, say for example the sub excludes trash removal or dumpster fees and only includes demolition and trash haul 30 feet from the driveway, meaning if you cant get a dumpster in there, you as the GC is responsible of paying all dumpster fees and all expenses of the hauling the extra few feet from that.

Its fairly new listing service having only been around a couple of years, but its growing because of the number of properties on the site and the preponderance of CRE professionals who use the site.CoStar.com also used to allow individual properties to be submitted for inclusion into their subscription database even if you didn't subscribe to their SaaS service.

Just make sure to get an Open Peril/All Inclusive type of policy.