So your payments on the money taken out would be minimal.

It's not a big deal because I think the cost to fix the flooring is minimal, but it is more on principal.It sounds like you did not have any damage to the dwelling as a result of your water pipe issues, so you didn't file an insurance claim, is that right?

The records available on their website are minimal, so guessing they'd tell me I could only pull records in person.

Obviously I want to minimize my risk. 

I would like to pay minimally on the loan until the property is ready to rent (which I would assume I would then need to convert it to a mortgage) or ready to sell (can I leave it as a construction loan if I am selling)I am located in St Charles, MO, if anyone has a good model plan they wouldnt mind sharing or tips or anything I would greatly appreciate it!

Collect a security deposit and first months rent (as a minimal) before tenants move in.4.

Get all closing costs paid for to minimize your outbox pocket costs.  

Here's the breakdown of the description of these different areas:The ideal property should need minimal repairs (or cosmetic rehab).

This town has a big rental market downtown and the area is mostly investors that put minimal into their homes and rent to lower income people.

I am trying to get you to think about minimizing your risks.