This varies depending on how you structure your contract, but if that is what your contract says, then at the time you enter the contract, you will need to supply a 1% downpayment.

3) Can you supply utilities?

MikeOH,It might help if you supply the "missing link".

Here are some quotes directly from the links I supply below.

Too much supply....

So I plan to supply the bank with a copy of my LLC's bank statement.But should the offer itself go from the rehabber under his own name and listing me as a private money funding source, or would it be better for the offer to go under my LLC's letterhead?

Traditionally, gold is considered a hedge against inflation, however, at the moment it is only a hedge against the sinking US $.However, real estate price movement depends on many other factors such as supply and demand, interest rate, affordability at a given time, tax incentive, etc.

Supply will eventually catch up with demand, guaranteed.

Supply the material get lic and insured contractors to preform work.

The reason they stayed open is because they were a major importer from Holland and supplies Dutch items to other stores throughout the United States.