The easiest way to think of the draws is like a reimbursement where after you complete work on the property, the lender sends out an inspector to confirm that work has been completed then gives you funds according to what has been done.You should be using a lender for the purchase as well since purchase and rehabs offer the highest % of purchase price.

Jade,Thats is because you using a lender instead of a bank. 

Using a private lender would probably be the best and easiest option in this scenario. 

a lot of folks saying they're going to buy using a HELOC for the down payment and some other type of financing for the rest.is it distress? 

In some state it's illegal not to use your own name even when you are using a PMC.

If you had been using a good agent, first thing they'd look at is if it's actually a legal multifamily.Certainly sucks.

I have always used Zillow's tenant screening application process to screen tenants in the past, and it's worked out for me so far.  I am currently considering an applicant that looks kind of fishy, but I wonder if I'm...

I'm thinking about using a HELOC to acquire the property and then refinance to pay back the balance.

This was my first real estate purchase and the final sale price was $166.5K which I purchased using a 10% down second home loan. 

If you are using a purely investment driven DSCR product you shouldnt need transcripts at all, ever.