you would need to make monthly payments to the seller during the rehab, just like to any other lender, and then if it were a rental, you would want the rent to cover the payments plus all other expenses.you'd also need to figure out how to pay for the rehab - either out of pocket, or finance it somehow. 

I like to use them for STRs as I have more control of submissions and appraisals.

Some talk that if we continue to see inflation kick up, they could go back to raising rates. 

Michael,Construction loan programs are fairly simple and in some cases the answer to little to no inventory.

Quote from @Adam Hooper: Go to any attorney and you can get a boilerplate lease.

Go to www.meetup.com and find one or two groups to join near where you live.

Everyone seems to have an angle.

We have converted oil boilers  to gas boilers to reduce costs. 

Are you changing the use from a single family to a multifamily?

You are treated as a "student" trying to gain "admission" to their program.