I'd check dates of values and method of valuation.

I have found anyone actually serious has a few questions before applying, so I have started only sending applications to people I have had a dialogue with beforehand. 

The issue with using comps on any type of software, especially propstream or dealmachine is that they tend to use an "estimated value" of the homes that they are using for comps, not actually comparing to what has sold recently in the area or what is currently listed, not accounting for DOM (day on market) or other market shifts that play into realistic valuation of a property.

We're now 6 months past the 120-day renovation period and I haven't received a 3rd draw request and I'm actually starting to think the photos of the rough-in and plumbing were fake. 

We were supposed to save a lot of money by laying off our AP staff here, but we actually ended up having to keep one of those people.  

If the rents end up being taxable in the organization, they'll actually be subject to maximum income tax rates very quickly - much faster than if you just did this personally.There are groups now starting with "socially responsible" investing - effectively a standard partnership/syndicate that is "investing for good" - that would likely be a better structure to avoid 501(c)(3) headaches in a for profit venture.  

@Marcelo Murai how are you going to screen agents to make sure you're dealing with one that has the actual investing experience, and can document it, that you'll need to succeed?

Are the lenders fine being fully amortized until a later date?

I am under contract for a SFH property in metro Austin Area with a target closing date of end of May.

A little dated perhaps but they are located in one of the best places in town and otherwise very attractive.