The bank will put a hold on them, so you can't just draw them out, so don't plan to need them for a while.This will cost you an appraisal on both properties to be performed by that lender. 

@Victor YangWhy are you not reaching out to a NC real estate attorney to draw up a document that spells out the agreement that you are looking to do with the tenant?

The state's economic dynamism, natural beauty, cultural attractions, and educational institutions continue to draw people and investment.

When that portion was complete, I could then receive draw money which allowed me to pay my utilities, taxes, and mortgages.

That can be a draw back if the market is on a mad run up tho.Also, I would always have enough in a heloc to cover your 401k loan in the event of job loss or if you quit your job. 

You’ll probably need to submit plans or drawings of the work that was done.

This also lets investors manage maturity dates, guarantor exposure, market exposure and other factors.We service loans on our balance sheet and manage construction draws for all loans we originate.I am happy to answer any additional questions or provide additional insights.

What is drawing you to it?

But people still flock to Disney, Universal is opening a new theme park in May and the area will always have new events and attractions to draw guests. 

With Baselane I have the ability to do everything from initial vetting of the tenant to drawing up the lease to collecting rent (and issuing deposit refunds!)