Others have posted that their underwriting criteria is so strict and fees so high that its very tough to get a loan that will work and these folks just give up and end up with 3k worth of educational material and NO 100% loan.the reality is right now its never been easier to get a HML  80 to 90% financing and 100% of renovations..

Are you pulling permits for your renovation? 

Lets face it, not everybody is cut out to be a project manager, and not necessarily on their first or second try.I would advise caution. 

If you are hiring a GC that will be handling complex scopes of work, ask to visit one of their current projects.6.

Underwrite with realistic projections.3.

I work in Construction Project Management and have found that way more people than I think have found an avenue into RE that has been supplemental income and even a hobby for them depending upon which route they took.

I cant recall the exact name it was something like a zero coupon bond.. and the setting we used it in was a new townhouse project that I was the broker on and it was not selling and the owner came up with this.. 

I will cycle through 1-3 new credit cards a year specifically around when I start a new project or need to do upgrades on an existing rental.

On projected current rates and Expenses based on NOI I got a valuation that is 50 - 55 % lower than the asking price which is based on comparable residential units in the area I was looking at ...  

FINANCIAL CONTRIBUTIONS:1.1 Party 1 Responsibilities:Party 1 shall contribute to the partnership for the down payment, closing costs, and construction costs for renovations and additions.1.2 Party 2 Responsibilities:Party 2 shall independently pay the mortgage until both properties are rented, oversee construction and renovation, manage both rentals, and handle bookkeeping during construction.2.