This approach ensured minimal holding costs and a faster return on investment.

There is always a "rain delay" or "the foremans truck didn't start" or "We called in the stake out, but they didn't do it yet" (Sorry they are big on stake outs and I have never had the towns/utilities be off when requested on time).

I am ok with the property not cash flowing right away, but I would like my living expenses to be minimized by a lot if I am house hacking.

Also, for delayed financing, you may have to source the money used to buy the property.

With the newer 5% down conventional loan for owner-occupied multifamily option, I generally advise people to start analyzing from there if they want to house hack a multifamily with minimal down.  

If it was purchased cash you can do delayed financing immediately, but it would be based on your total capital invested not current appraised value. 

Delay in distributions is understandable, and is not as big a concern as your no response to our emails.

This approach will help minimize the potential financial risks associated with renovations and working with contractors.

The work to connect the water line is minimal, plus it will make ice for you.

Sometimes, depending on the size of the loan request a board approval is required which could delay the process further depending on how often the board meets.