In order to qualify for Delayed Financing, you must only meet certain eligibility standards :The cash used for the original purchase must be documented to the bankThe new loan size may not exceed the property's original purchase priceA title search must show that no liens exist on the home Furthermore, as a fraud-prevention measure, you must also show proof that the home sale actually occurred.

@Jason Measures ...Great 1st Deal!!

However, they were off on their measurements and came up through the floor and missed the bank vault.

Bill Gulley Once I posted, I knew that I was going to get that response :)I guess I need to go back to my business plan and measure the two.

Helps to have dimensions of a tape measure in some houses.Good Luck!

It's just a measure of paying for a yearly fee and bonding for what level or dollar amount of the projects you predict you're going to do for the year.

This simply isn't the reality for us if we plan to invest locally.I would focus less on measuring potential deals against rules of thumb that work elsewhere in the US, and instead measure them against your own goals in real estate.

It gave me a baseline to measure opportunities by.

There are measures you can take to make it less obvious and further protect yourself.Then my next question would be if it is that obvious that it is being renovated and not owner occupied then what are you doing to protect your investment?  

-client, architect and contractor sit down together and cut costs by finding less expensive finishes, fixtures, appliances, and other measures to meet the budget.