So the reason you choose to pay the lienable items yourself and back-bill the tenants so that you can be in control or any other more practical reason i am not aware?

Thanks for sharing @Eric Janson@Hanzel ChicasExposure to people like Eric is the way to go.Their reference points could be applicable to your situation.Build a bit of a knowledge base, practice where you can then launch your investment campaign

Flying/driving to other markets, then,is practically out of the question!

As this area isn't so regulated, how does one actually receive the" benefit of their bargain" if after committing to a loan, the different figures begin to drift those those understood as the agreement?

@Oscar Leon I can only see this as practical if you were pulling money out and keeping PMI off.

Being able to watch them go over examples of deals and see the theory or idea in practice was more beneficial for me.

My question is "Is it standard practice that the Draws are on a reimbursement basis?"

I had an investor back out last second for personal reasons- I have an amazing duplex in Newport RI (technically middletown which has virtually no STR regulation) under contract that would net about 20k/year as a LTR and 80k/year net as a STR Purchase price: 500kRehab: 30kARV: 700kInvestment needed 80kEquity given: 50%Ask me anything

One thing to keep in mind is that different states can have vastly different regulations around lending and borrowing, so lenders may operate only in specific states vs. nationwide. 

.- Best practices that you found enabled your loan process to run smoother and efficiently.I would also invite those to comment who had applied for the loan, and perhaps used a commercial loan in the end to close the deal.Thanks!