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.

Currently have three more in progress right now in both North Carolina and South Carolina. 

It's a progression but the key is to take the smallest of incremental action each day and it will sum up to something incredible in years.

There's a big disconnect in Detroit's home prices vs the progress there, and I believe it will continue to close.

Best of luck on your journey, and I look forward to hearing about your progress!

The bottom line is that you'll want to learn from someone for the first handful of deals and progressively take more and more on yourself until you can fly on your own.

Best of luck, and looking forward to seeing your progress!

If interested in adding another state / city to the list I am happy to connect - but hopefully this is irrelevant and you are already progressing along well with your purchase!!!!  

Brian Ruland, B Real Properties, LLC. awesome stuff, i'd love to keep an eye on your progress =)

Unfortunately looking like this specific deal likely won't pan out; seller is definitely not motivated to offload quickly/discounted based on their replies.I found a realtor through BP who I'm now working with to find a property, so progress in the right direction!