If they are VERY professional, they will have their processes in writing as verification that it is enforced equally and fairly by their entire staff. 6.

That junior lender needs to be prepared to to pay of your 1st and take over this project if you misstep and default.

You should be able to find one that allows you to customize the application a little, lets applicants attach documents like picture ID or pay stubs, and that gives you a full report like identity verification, address history (match against what the tenant reports), full credit report with score and activity, criminal history, etc.

If they are VERY professional, they will have their processes in writing as verification that policies are enforced equally and fairly by their entire staff.6.

@Nick Wehrley We would definitely need to to know the cost of the buy down and all of the figures you're looking at but what I can say in general is that a lot of pricing matrices I'm looking at right now would favor doing the higher LTV with max rate buy down which SHOULD give you a lower cash to close and lower debt service than the lower LTV w/o a buy down.

My hope is that a process is put in place for verification of need.  

A Bridge Loan allows to to close on the property with 15%/20% down and also supplies the rehab funds which are kept in escrow and drawn upon as work is completed. 

I run a local contractor club and I can tell you many of the issues that arise are because the investor doesn't have a solid due diligence system in place and they don't get agreements in writing and/or do no verifications.

If they are VERY professional, they will have their processes in writing as verification that it is enforced equally and fairly by their entire staff. 6.

If they are VERY professional, they will have their processes in writing as verification that policies are enforced equally and fairly by their entire staff.6.