The answer is that if the lender that's doing the hard money loan is only funding the purchase and not the rehab, they then have less oversight of the project since they're not doing the draws, and thus not seeing the progress of the project and having control of the funds or draws from the rehab to make sure the project is progressing.

Easier to do with a duplex year by year, but when I rented to students I would quickly renovate for winter break. 

I own one half, 3 bed 3 bath, and I’m currently living in and renovating it with plans to rent down the line.

I want to find something local (Los Angeles area), move in, do small renovations to possibly build up more equity, do a 1031 exchange, and find something better. 

This is a self directed RRSP or TFSA account that allows you to lend your money out to people with the backing of their mortgage for a high interest rate. 1st, 2nd, 3rd mortgages, down payments, refinances, flipping or renovation money.

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

Here's a project we sold to Taylor Morrison that will have this new type of housing.

I have spent the past 12 months as an independant contractor and wish to finance a project.

Lenders can have different loan options based on the property type and the amount of rehab (if any) required for the project. 

I am looking into my first property and have been pre-approved for a renovation loan from a conventional lender.