I had a meeting with my attorney today I wanted to have some contracts draw up for lease option assignments.

So, this is more of a fix-and-flip model (I have a full-time W2 job)...My terms are a combined 80% LTV on primary residence and 75% LTV (purchase price) on investment with the option of a add-on rehab loan that works on a draw schedule.

If the private lender is not using a payment processing company and they are not experienced you may have to draw up the document yourself.  

@Ali Boone  Nothing wrong with the 172, but I understand the draw for the tail wheel.

Typically its a draw process where the contractor has to be able to perform the work then the bank releases all or part of the money.  

SITUATION:  I recently asked my agent to draw me up a purchase contract for a vacant lot sale in Palm Beach County, Florida.  

You could establish a small (low LTV) commercial LOC on one of the F&C properties and use a draw on the LOC to establish cash reserves prior to the cash out refinancing.

Thank you @Justin Fraser for the mention and drawing my attention to this post. 

But I could be wrong and your criteria might not match mine.If you really want a frightening picture just head to the city hall in downtown :-)  In my opinion it's like some of the worst parts of Oak Cliff and the Fair Park area if that can draw a comparison for you.

I have an advantage of having a HELOC that I have been able to draw on.