What you SHOULD have done, and it's a big dishonest, but so are banks, get your mail at the rental property.Not sure committing mortgage fraud is the best course of action here.

Many lenders are doing periodic occupancy checks and because the property is investment / Rental, if caught committing "Occupancy Fraud" the lender can call the note due, foreclose and the owner is out like the fat kid in 5th grade dodge ball!

I committed to finalize my rules and send them, and that there would be a minimum age for dogs.

I recently attended a REIN (real estate investment network) meeting here in Vancouver which was great, except they charge $200/month to join their group with a minimum 18 month commitment (erp). 

So, maybe the borrower finishes demo does some framing, then draws $10K on that loan.This way it allows borrowers to be fully capitalized, but protects the lender from over-committing capital until the property has progressed, therefore increased in value. 

I wouldn’t start one until I had 100 million plus in commitments from my investors.

The Client failed to get the Mortgage commitment.

They had a hard money lender who made a commitment using 401K's and due to changes in their employment they no longer can do that. 

Those are your 2 big risks in the deal, value and rehab, so if you can verify these before you are committed you are setting yourself up for success.As for Matthew's comment, we do not have an office in Maryland so I am not sure if he has worked with us before.

I’ve seen multiple cases where online county records do not show everything that is on a full commitment.