I have $250k to put into a multifamily deal) to the real (that deal looks good, let's draw up a contract for the $250k I'm willing to invest) you will actually need the real deal. 

Depending on the lender and contractor you may have to float upwards of 30% of the rehab cost for a few weeks until draws are finalized.

Like many urban planners at the time, Mendelsohn thought major cities like Los Angeles were overcrowded, polluted and dangerous.

The empty corner lot can draw debris or hang out sessions with local teens.My biggest issue in the area is that rents are so low that stick build is not really worth the investment and construction loans aren't really an option since ARV is not going to be enough to justify the expense. 

This investor is claiming that the bank they are using for the construction loan is only wanting to pay out for the construction draws once each work phase is complete (understandable/normal), but are not willing to pay for the property acquisition itself.

This is like a beacon post to draw attention, but then it's just a candle.

@Dezmin McCoy LLC’s, tycially are not expensive , but having the attorney draw up the articles and operating agreement will be a necessity.

If you own the land and are not in any hurry, then you can develop the drawings and wait to bid the project out. 

The 203K loan pairs you with a 203K consultant who will oversee the renovation process to make sure all work is being completely satisfactorily and in a timely manner and disperse the funds to the contractors in draws. 

Kansas City, Oklahoma City, Boise, etc.) that are developing and drawing more people.