Beyond a management software you may be just dealing with soft processes or in others words, “this is just the way we do it.”I hope this is helpful and gives some context as you look into this further.

Quote from @Kristie McCleary: Good morning, I am considering purchasing a quadplex that is in Commercial zoning.

Quote from @Vince Nguyen: Good morning BP.

As of this morning, WSJ Prime is 7.75%, so I would expect the rate to be over 8% at the very least.

Good Morning!

Quote from @Sanjay Bhagat: God morning Todd, Thank you for the reply.

I've had a client tell me the morning of the close he didn't have the money as well. 

By way of example, a lender may charge retainage, only release soft costs upon C/O, may limit loans to a set number of draws or only allow draws once a certain dollar amount of work has been completed.

Since you have bought a foreclosure before, at least you have experience with the liens and the process, but you won't get a final tally of the liens unless you can get your title company to run soft title search for these things in advance.Closing on a foreclosure anywhere in Brooklyn seems like a nightmare to me from an operational end.

I'm going to get a survey regardless, but I'd like to line all this up before I start spending on soft costs.The weird thing is I see other investors doing these DADU deals and I've never heard anything mention the above requirements / scenario.