Also, I believe there’s really only one PM company in the local Marquette county area that has a Real Estate license, which is needed to legally manage other peoples rentals in Michigan.

Last time MF was built in scale in my area was the mid 80s, and getting approval for MF construction is even more challenging/next to impossible.

At the same time, someone else reduces your debt, and you get to use the tax code to improve your tax situation legally.  

(more than likely) The rates are not locked in until final approval is given.

The house is 60% completed and will complete 2 years that construction started (2 years after permit approvals).

At the time, it never occurred to me that if you want to swindle people it is difficult and expensive to take legal action against a company that is incorporated in a different state than where they do business.

Once its approved it will be worth about 100 million. and the 10k a month is all principal there is no interest carry.. so been it it 15 years already..

In fact, during my short stint as an aspiring BRRRR investor, I successfully secured a pre-approval for a private money loan based on my net worth.Now that I’ve shifted to land investing, I’m wondering: Do private or hard money lenders exist specifically for land flips?

I pull all my copies , approved plans from the county , footer inspections , final inspections , AND I found a copy of the code from 2002 . 

I mention this as I have seen some people want to sue companies because they were a sponsored affiliate on a website…Regarding the original post- expect 10-12% (I think latest I saw is avg is 11.5%) rate plus atleast one point for a 12 month loan.Bigger companies may take longer for approval and can be more flexible usually in down payment amounts.