Kabbage approves you in minutes. to be clear, he's speaking about the monthly payment, not the interest rate. a typical LOC will charge you 2% per month of the balance. depending on the interest rate, it comes out to about a 5 year term

And this was typical of the area.  

. - that typically means you've started title and lien searches.

30 days is pretty typical, I might ask for 45 because there are 2 properties, though it's probably not really necessary if they push you back to 30.

Below is what you need to know that underwriting and programs guidelines don't tell you when considering a 223(f) apartment loan.AdvantagesHighest LTV in the marketEliminate refinance and interest rate risk with fixed rate terms up to 35 yearsLow fixed rates based on GNMA securitiesNon-recourse and assumable - makes for a great exit strategy especially in a rising rate environmentNo defined financial capacity requirementsNo geographic restrictionsNo minimum population requirementsSupplemental financing availableDisadvantagesLonger processing times - 120 days at a minimum (6-9 months is typical)Higher fees - HUD and FHA fees add to the overall cost of the loanMortgage Insurance Premiums (MIP) - Initial and annual premiumsAnnual audited operating statements requiredReplacement reserve escrows requiredHUD property inspections requiredOwner distribution restrictions and Cash out restrictions 2x a yearProperty condition is important to HUD, both during initial underwriting and over the life of the loan.

Your essentially paying down the debt of one Note with the debt of another anytime you purchase a new Note, pay out investors, etc, reinvesting the proceeds back into more Note purchases.

Refi Lenders will typically provide a loan amount that is 70 - 80% Loan to Value (LTV) based on a current appraisal.  

Not worth the "cheap skate" image it would portray.I would keep the units because commercial coin operated W/D are typically higher quality, and worth fixing.

What is the typical cost for constructing 4 condos each about 1500 sqft with 2 floors?  

This is essentially an inheritance, as I have never actively invested before.