Three years is the standard PPP, but 0-5 year options are usually available.

If I go BRRRR I’ll refinance with a standard lender.Assuming we sell for $625k which is the ARV and market analysis I pulled, purchased for $345,500 and have $120k in reserves for rehab cost.

Look, I think of it this simple, I don't know a single established millionaire who does the "standard" consumer debt thing.

I'm a licenced Broker and I also handle project management for flippers, contractors, etc.FEMA 50% Rule: ALL of the homes that exist in a Flood Zone have a 50% limit on work that can be done to repair them without bringing them into compliance with current flood standards.

You should also be aware to make sure what was provided does or does not meet industry standards.

He's very thorough with this standard inspections and he also offers "investor due diligence" inspections at a reduced rate.

The renovations were already factored into the LTV during the initial loan approval, and the increased value of the property due to those renovations may not automatically allow for an earlier PMI removal under Fannie Mae's standard policy.Workaround/Next Steps:Reappraisal: You might be able to request a reappraisal if the lender is open to it.

What are some standard process or contracts needed before the partnership to make sure both parties are protected?

This is pretty standard and should be in there, unless you went with non-standard docs

Is this structure standard, though, in terms of capping investor returns at 12%?