Also, consider the impact on your liquidity—ensure you won’t need that cash elsewhere during the project.Off-Market Deals: These can offer better margins.

We need to go back and refi some just in one of our names in order to free up some space. 

The team is the most important part.

Quote from @Michell Chase: I am working with a hard lender on a purchase/reno and they require a builders risk policy even though 1 unit of the 3/4 will have a tenant.  

Is the market saturated?

most contracts your 5k is your liquidated damages in most contracts. .. so snag that fire the agent and find another buyer if 13k is that important to you.. for sure not worth hiring an attorney for. 

Quote from @Mike Klarman: So, the Ground Up Programs are the hardest to get into. 

Maxmimum loan amounts for FHA are the same across the nation for the most part except for the high cost areas of the west, east coast, or specialty markets like Aspen, CO Los angeles, New York, NY, and others as they have higher limits for 1-4 unit FHA loans.

But, in Detroit you need to compare renovated to other renovated homes, not just sales.

Quote from @Merny Pierre: I'm following this thread, Thank you all for your valuable input.Where can one go to find hard money lenders in their areas?