But at a $192k mortgage ($240k - 20% down, like what you said if you fixed nothing) you aren’t cashflowing $1000 even with taxes calculated at $0 (which is obviously not true). 

The money made doesn't make sense for the time involved.That being said, my buddy had a wedding out in Culpepper, VA recently where the couple bought a foreclosed plantation house, fixed it up, and now all they do is weddings.

After construction is done, you would refi the construction loan into a typical commercial loan, with typical commercial loan terms (no 30 year fixed, most likely 5 yr variable interest, 5 year balloon).  

We want to use a hard money lender to fix a house, but we want to live in it.

I plan to do a Fix n Flip.Which of the following Lenders have you had the best lender experience with:1) Ground Floor2) Lending One3) Lima One Capital4) Loan Builder (A Paypal service)5) Red Rock6) Sharestates7) Bridgewell Capital8) Private Lending Group9) Temple View Capital10) Connected Investors Any and all feedback will be gladly appreciated.Thank you.

Each time they fixed it quickly and apologized.   

I will fix it up to essentially live in one and rent the other half. 

He said the company can lease the home to someone (me) legally.I was thinking maybe we can use the hard money lender, fix it before we move in, then sell it to ourselves somehow?

When the unit was fixed up, the carpet was cleaned instead of being replaced. 

VERY... that's why hard money totally dominates the lending landscape in fix and flip in our market. or cash.