Do I draw a 2-hour driving radius within Houston so I can go check on my property?

Sure, if an owner-employee is adamant about not wanting to draw salary, and is okay with the double taxation and higher effective tax rate, a C Corp is more "flexible" for him and makes more sense. 

What are the things that draw you to this area!

I appreciate your concern, but I assure you I don't let tenants bend me over too far before I draw the line.

I will have some cash reserves of my own.1) Would you recommend going to an attorney first to draw up papers for these agreements?

I'm also pretty skilled at all areas of design (I have my BFA in fashion design, part of the draw of my current home for Air BNB is how it's decorated, and I worked as a graphic designer to pay part of my way through college).

.- rehab money until at least the first milestone since our draws are paid in arrears. - money for cost and time over-runs of the above.

Could you provide some additional insight as to why you would draw a line at $1,500 for the minimum rent on this particular deal?

Cons: highest interest; many upfront fees; short loan term; construction draws may require inspections to release funds.Private Money: Pros: negotiate your own terms; Quick/Easy close if lender trusts you.

The truth is that finding a decent contractor is next to impossible anyways so trying to get them to be ok with some highly structured draw schedule... and then having a seller accept an offer with a weird rehab loan... seemed good in theory but I realized it is so easier to just go traditional.