I *believe* that the rate can NOT be tied to the eventual outcome of the project. 

But, what would she do if she was in my shoes?

If you are looking to flip in the future I would recommend CRE rehab bridge loans so that you don't tie up all of your own cash.

If I were in your shoes, I would start browsing the forums.  

So just make sure you give your exit strategy it's due.Rental payments aren't necessarily tied to the mortgage.

My strategy at the moment is to tie up these deals and hope to wholesale one to my mentors buyers network to make some cash to invest for a down payment on my own multi.I appreciate any and all advice!

When I turned to leave the closet, there was a shoe rack with an adult toy sticking out of one of the compartments only a foot from my face.

When the Stock Market takes a big hit, like the "flash crashes", you can't get your money out faster than the "big boys" because the brokers are tied into them and clear their "sell calls" first.

Would it be worth the time and money to push out the bedroom and tie together some of the costs of redoing the mudroom?  

@Karin DiMauro don't bring up anything about the GC you let go, and personally I would cut all ties with them altogether.