These typically account for about 80 to 85% of all expenses in a flip.If you know the lenders' terms and the loan duration, lender fees, the second greatest expense, are easy to calculate.

This is not even close to the documents required for a properly drafted loan.

Why not take out a loan from the equity to pay off that debt?

Bridge loan.

I have spoken to lenders about traditional financing and also DSCR loans.

Quote from @Leonard La Rocca III: So is it common to find a conventional loan without meeting the lender in-person?

Compare Loan Terms – Ensure their rates, fees, and terms align with your investment goals by getting multiple quotes from other lenders. 3.

Tax Implications & Loan Considerations✅ Be prepared for higher property taxes and potential changes in tax deductions.✅ Ensure your mortgage allows renting—some loans have restrictions.If your financial cushion can handle these factors, you’re in a great position to rent out your home successfully!

I purchased this using an FHA loan and the address listed on the loan is 1001. 

But the props were in your name and they had a loan against it and then when it was done they bought it from you and you made a profit ???