First of all I have not estimated and received an investment yet mainly because when I had that medical accident and I am still bedridden from some medical problems I have had them at age 54 but I'm 61 now but I am  still thinking that I will recover someday. 

Is it necessary to pair this construction loan with the main home purchase loan?

Also I’ve mainly secured my private loans with a typical mortgage lien and promissory note.

The property has a main front house 2bed1bath, and the back detached garage has been converted into a separate living 1bed1bath home. 

Dont look at the lowest fees as you main criteria.

Two main reasons - first to stop excessive inquiries on your credit and also to not draw on an unsecured line of credit for funds.

I'm mainly interested in Highland, Valparaiso, Hobart, Crown Point, Whiting, and certain parts of Hammond.

Yes less down typically offers a higher COC return, the main thing that I would be worried about is that your total project cost is $152k for a property you say has an ARV of $139k

If the appraiser knows that the seller on 123 Main St disclosed a jenky water heater and water damage in the basement, he can/will adjust for it when doing your appraisal.

My main advantage is that when I get the Seller on the phone I have multiple options when it comes to income.