This should provide sufficient operational reserves and the ability to fund initial construction draws until bank draws are released on work progress.

He hosts a number of great networking groups, all in MO now but as he said, they draw investors from IL too.  ...and he's my Cahokia expert / go-to guy!

Also, does the initial draw have to be the full amount like a HELOAN even though the product might say HELOC?

He took a lot of money from me ( deposit plus construction loan draw), but nothing was ever done on my lot. 

But if it's an RV park near a lake or tourist destination, then an RV or 2: yes.There is no draw to travel somewhere just to stay in an RV....I whole heartily agree there is no draw to travel somewhere just to stay in an RV.The RV parks I've seen that have fixed RVs for rent look like low end MH parks. 

@Carolyn Fullers places are near major schools which will draw a ton of longer stay visitors.Does your place have that kind of location?

As in its somewhat closed off from external factors and will often have at least seasonal draw to the market. 

The increased cash flow and the ability to pay down the loan more quickly are the biggest draws for me.Am I underestimating the time commitment of managing a multifamily property?

I am in the begining stages of producing a conce0t drawing for the rental property.

No lender will lend on a deal that doesn’t make sense.4) After the appraisal comes back you will get a document that outlines the amount to be borrowed and all fees that will be relating to the loan (I would suggest to ask for an example of this document when you are searching for an HML so you will know what fees are going to show up).5) Close the loan at a title company of your choice.6) Begin work and make draws on any repair balance.