This is not standard.

I was assuming it was like a "standard" home purchase at that point that the bank provides the rest of the cash needed, but at draw points during the build.Maybe I'm WAY off here, again, I've never built anything.

What Peter might have left out, unless you are paying a premium, if you're paying a standard rate.. and lets be honest if you're a flipper you're trying to get these services at a discount.. why is it beneficial for the Architect to drop their other projects to jump on yours to get it back into the City in a couple days?

Once you find a potential tenant, you have to go through a Housing Quality Standards (HQS) inspection, which can take a while and may require some repairs or tweaks to pass.

You are asked to assist our pest control by maintaining a high standard of good housekeeping.

They have every incentive to make sure construction is up to standard since they will receive 5-6% (to be split with buyer's agent depending on state) of the sale price in commission.

Just trying to get a better idea of how proceeds from foreclosures work, since it sounds like you are just planning to sell the property and keep the profits (which may be standard, I'm not sure).

It's not like we have a gold standard any longer. 

The terms like the 70% loan-to-value (LTV) ratio and 3% origination fee you were quoted are standard but can vary depending on the lender.

They sponsor biweekly webinars, where they encourage Q&A on many topics in the Fix & Flip landscape.The draw process seems standard (what you would expect) and makes sense.