With a cash out refi, your rate is fixed, but you’re also paying interest on all of those funds instead of only what you draw.

Could you share some tips on how to find the builders or is there any platform that I can use to reach out to multiple builders to get quote once the architectural drawings are finalized?

Same thing I still do  BRRRR method  Buy a SFR - 200k < and pay 15% down using a RENO construction loan Use the extra Funds to pay for first round of materials ( 30k or so )and Labor (20k ) and then request your "draws" to recoup your funds.  

It provides more clarity for me as this is new and uncharted territory - especially how the repairs/draws take place seeing that this was a vacant fixer-upper and the lender in 1st lien has a rehab loan.

I find if I do the "heavy lifting" like drawing out a system and or the floor plan of the cabin, you can find a guy to do the "official" work fast and for a cheaper price than if you sit back and do nothing.

You'll quickly see why AI is not the solution here... not only will it give you a random number from a site that posted it, but it will hallucinate and draw quirky assumptions into the mix like oh based on this % appreciation and applying it forward/backward, etc.

.• Understanding the rehab budget draw process: After you close on a rehab loan, your rehab budget is not handed to you at closing.

@Danny RandolphYeah, I’m currently in the construction field and we usually get a 20-40% deposit, then get draws after certain stages/inspections have been passed

And I bought the dip.This is not the first time I have seen a 25% or even a 50% draw down. 

And I feel your pain.On my FLA builds my GC was very well known to me and trusted if I did not have him I would have been were you are at stalled.. but for me I just paid cash for the lots and gave no deposit to the GC ( again long standing relationship) so when he finally was ready we just funded draws on completed work .