It can take 2-3 months before payments get approved. 

For someone that's not as conservative, or a different view on the cycle, they might have a different opinion than me on all of this.2) Sponsor quality check: (takes about 45 minutes per deal)I believe that a great sponsor can take an average looking deal and make it great, and that in mediocre sponsor can take a fantastic looking deal and make it bad (especially if there is a severe recession).

Before seeking financing, I would advise getting an LLC setup right away since without a SS# it takes longer to get an EIN number from the IRS.

Highlighting the strong profit potential and taking measures to address any concerns about costs, scope, or holding risks will make this an even stronger pitch.

At it's basic level:Assumption: Asking the bank to turn the loan over to you and going through the normal underwriting process, credit, income, DTI ratio etc SubTo: Taking over the loan without telling the bank, no underwriting, no credit check, no income verificationBoth have risks, but it's not my intent to be detailed in this post.

Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).

Loan to value ratio: The higher the loan to value ratio (LTV) is, pricing takes a hit.

But I think savvy investors will be able to navigate those laws to take advantage of artificially suppressed competition to do well. 

More work, more time but you can take advantage of a nice cost segregation / bonus depreciationThis is the truth! 

I know you mentioned taking time to relax, do you plan to further scale or do something different outside real estate?