First if you know what the market rates are for the labor you need and you manage the project like a project with deadlines and expectations you cant really be fleeced.

It feels like DSCR lenders are catering to BRRRR investors more now than ever with short seasoning guidelines, air tight DSCR requirements (1.0), etc. 

You need to set a deadline for them to correct the issue, then follow up with an inspection or other method to confirm compliance.

He can't be more lenient on cutting rates like the last three meetings, and now has to actually play defense by hanging tight or actually increasing. 

He left the firm several years ago, because the assets were not being managed tightly enough.

And some of these left HML in a tight spot borrowers could not access their draw money.. this happened just recently to Fund that Flip.. and their borrowers I know i got a call from one of them that was owed 300k in draws that was not coming.I can understand that rates aren't what they are when you close as when you get quoted, but if you offer a "rate lock" and use that term, you need to stick to it even if you aren't required by law to do so.

The first year was tight because of higher interets rates, but his tenants effectively covered about 70% of his living costs.

Today, deals are very tight, not much meat one the bone.

Hold tight for now and let's see what the final legislation looks like before making any big moves.Any additional questions, feel free to reach out. 

The deadline was previously October 7th.