They continued to tell me they would lend, and even subsequently ordered the 2 more appraisals.Additionally apparently there is a gas meter missing on the other investment (a rate & term refi), and they told me they would not do the loan unless the gas meter was replaced.

I just realized, I don't think I have ever seen subsequent installment contracts mentioned on BP.

Also, you do NOT need to draw anything out if you understand the formula.

In subsequent years, you do the same thing, through its simpler because nothing changes.In the year when you sell, you will each have your unequal splits of the cash flow up to the point of sale.

Some guys were talkin; on this subject (meaning this is NOT LEGAL advice.Their conclusion was that if you shoot someone make sure he/she is INSIDE your house by whatever means necessary.I will leave each reader to draw his/her own conclusions from that statement.Best bet is to talk to an attorney.

In reality hard money may or may not take less time than drawing on the warehouse line.

I had one title company draw up a disclosure of the double closing because it was a title insurance underwriting requirement!

These are usually properties that have proximity to something that will maintain its draw longterm but the hood itself has become dated and down.

A subsequent tenant will have the same problem, and I"m open to other suggestions too.

By instituting penalties for delays in your contract and by paying draws only after the work scheduled is complete.