Here’s the stats - -$500 to activate line (credited back if deal closes in 90 days) 
- 3.5 % origination fees 
- Close to 10% rate 
- Each project is reviewed/underwritten by FoA, which could take up to 30 days 
- Up to 90% acquisition & rehab, I believe 
- Standard draw rules on rehab side - Line is up to 5x of assets, equity in home, 401k, etc- Line has to reset to zero once per year

I have always been able to obtain insurance but the carrier usually requires all visible knob & tube to be removed within 30-60 days of purchase.

@Tim IvoryWhen obtaining a loan both on acquisition and rehab, it's one loan amount.

I would recommend looking at your own portfolio and figuring out how much should go to real estate, and then how much of that should go into each of the asset types and strategies, based on how much risk you’re willing to take.

I've been doing extensive research for the past few weeks and have had no success on obtaining a Purchasing & Sales Agreement and an Assignment Contract. 

Tie up all my assets for 2 years?

Question #2: As an investor, how do we go about calculating these costs into a budget to obtain before rehab?

RE is a stable asset...future equity will be there even if there is no appreciation....your tenants will eventually create a nice equity nest egg for you. 

I started as a wholesaler and am now a buy and hold guy that uses creative financing to obtain properties.

You think you need money to obtain properties as long term (30yrs+) passive income producing investments.