If so, is that assuming that the builder builds at cost (and "proves" it by providing invoices/etc. by the subs)?

Not to steal your post but Do any of you have a software recommendation for the invoicing and keeping track of the facility?

Most people have invoices due within 30 days, so it shouldn't be a problem...and if they aren't paid, they will put a lien on the house.

I will update this post based on my experience when I actually submit the application as I plan to use my own appraiser I know in the area.I'd like to correct something I said earlier and clarify about "borrower being able to choose his/her own appraiser".When I was talking to the loan officer regarding submitting the application for my cashout-refi I checked with him regarding me having an option to choose my own appraiser as I wanted to understand how that goes and here is what he said basically -After I submit the application they will send the invoice to an AMC and once the company is selected for an appraisal when they reach out to me I can talk to them and provide them with information about a local appraiser for them to consider using.

Most PMs you use should be big enough that they get net 30 day invoices from their vendors so there’s no reason they need to make a payment before your next rent check comes in. 

Hi there, I use a management company for my rental and they send me a monthly invoice via app folio.

Doing it this way will keep all the deposits in a separate register so you can always see what the balance is.When you do the first invoice, select Edit, then memorize the invoice and fill-in the boxes you need to, in order to have the invoice pop up automatically every month.

A deadbeat is a deadbeat is a deadbeat as far as the FICO scoring algorithm is concerned.Fair Isaac has changed their scoring model to put medical bills in a separate category, recognizing as we all do that the way medical invoices are processed in this country is inherently chaotic and rife with the potential for error.

If there is a deficit, we invoice the tenants and the balance is due the first of the next month.So, in short.  

From there, our contractor decided to start back-filling invoices to push the total cost to his total bid price.