We also take our draws/income in a different proportion that what each of our Basis' are.One things that I have often wondered when people are thinking of doing the S-Corp thing to 'save on FICA' - I get that, in general.

Holding costs if renovation will be required (interest, builder's risk insurance, permits, porta-potties, lender draw request and/or inspection fees, etc.)

Charge Rent - $1,699.00 $434.75 2/26/2020 ACH ORAM-2910BROUGHAM- JEA Bill Utilities-12/30/19 - 01/21/20 ($46.10) ($1,264.25) 2/18/2020 ORAM-2910BROUGHAM-2910BROUGHAM Simonds - Amerson-Ballard - Firi - Trombley Charge Turn Over Expense - $1,650.00 ($1,218.15) 2/18/2020 SD Forfeit ORAM-2910BROUGHAM-2910BROUGHAM JWB Property Management Check Bank Transfer - Security Deposit transfer for ($1,650.00) ($2,868.15) 2/18/2020 SD Forfeit ORAM-2910BROUGHAM-2910BROUGHAM JWB Property Management Check Bank Transfer - Security Deposit transfer for $1,650.00 ($4,518.15) 2/18/2020 ACH ORAM-2910BROUGHAM- JWB Construction Group LLC Bill Turn Over Expense- ($3,268.15) ($2,868.15) 1/25/2020 ORAM-- Craig Oram Nacha Export Owner Draw - ($270.00) $400.00 1/25/2020 Check 1.26.20ALL ORAM-2910BROUGHAM- JWB Property Mgmt Bill Management Fees- ($30.00) $670.00 1/1/2020 BT4G891LLA4 ORAM-2910BROUGHAM-2910BROUGHAM tenant Charge Rent - $300.00 $700.00

They're reputable but I'd be happy to draw up a quote for you to compare side by side.  

They usually require experience and they are lots of docs needed from architect drawings to a lot of permitting. 

They would require an additional 25 million raise.I was shocked because they don't have anywhere near that amount of cash on hand, nor a credit line to draw on.Newberry was asked if he felt confident that he could raise that amount.

I love Cross Country specifically because they can service their own loans meaning that they handle all the construction draws and payment processing.Plus, I like Homestyle over 203k because they don't have as strict of guidelines on what has to be renovated.

You then draw your HELOC balance as the down payment for the flip.  

If it's not already grandfathered in as a multi-unit, you take the lot area divided by 750 sqft/du (for R-8 zoning), and that's how you come up with how many units you can do.

You don’t start paying on the rehab portion until you actually draw that money, but you will need to start paying on the purchase price immediately.