LLC's have their place for larger corporate size investments, but they come with so many draw backs that I personally think for a residential property you are better off with to hold it in your personal name. 

Thank you how does the Rehab draws work.

I have also seen duplexes that are only separated by a roofed car port... so I'm curious where they draw the line. 

For Design & Materials: Gregory and I sketched the new floor plan design (mainly Gregory) and we had an architect formally draw up plans for us to submit to the city for permits. 

Having the dimensions, drawings, materials, pricing for materials, and how payment will be made.Just like any person working for you, they must be held accountable.

You can then go to you're PML and use them to fund the %10 which is $14,000.There will be other fees associated with Hard Money, such as origination fees, inspection fees for the draws for rehab funds, closing cost, and probably a few more minor fees as well.

Hi Corey,  I have not had to have a property rezoned, but for full construction drawings from an architect it has typically taken me several months for a single family residential, full gut remodel with addition. 

So, it could be quite difficult to find contractors in your area with verified 203k experience or ones that have been properly educated on the 203k AND have the financials necessary to start the project with no upfront money and be able to sustain the cost of the project throughout the draw/inspection process. 

My buying philosophy is to buy the most desirable assets I can afford which lowers turnover, draws the best tenants, protects cash-flow and yields good longterm appreciation.

But being "3 draws in and nobody stepping on site" will never happen.