Nothing better than four draws and never a lot of money up front "for materials".

Here are some thoughts I had.Potential Backlash - I agree with @Erik Estrada that charging fees might draw criticism from some community corners. 

“No, I’ll release the money on draws, that won’t happen…” Ok, so you need margin for when it’s 50% done and they say they can’t afford to get to the next draw point.

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?

If you had eyes on the property and have a good idea on all this you can hit the HML for all the costs and take draws after the initial acquisition to do the rehab for the rest of the amount.

Further, a member of the LLC can take a draw from the LLC without it having to be regarded as and follow the for,Ali toes of a salary or dividend, so again can’t be used by a plaintiff’s attorney to pierce the veil. 

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.

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

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.