Lots of companies that you don't have a choice in changing the wording of the contract or a choice in going with someone else have things like that in their contracts.

If you form an LLC, you'll have a new company with $0 of income.

This is great news and I am definitely going to stay sharp on my search.

I don't want to ask the insurance company first incase it flags something wrong.

For these types of questions - it would make sense to start by getting some quotes and term sheets from actual hard money lenders (larger companies, found via google or the directory on BP) - can still do the private money - but these terms they give you can easily be the starting point - and you will likely get a lender to walk you through them for free anyway

Purchase price: $68,000 Cash invested: $5,000 Sale price: $99,000 4 Unit quad in Medina NYRenters were tough and management company's locations are too far for a regular check up.Had a renter pass away and then DCS came in and the house was condemned due to farm animals in the upstairs unit where the person passed.We were too far to keep tabs on this investment so we sold the home.

I don't often search for our company name here, but saw your post and wanted to respond.All rehab draws are given on advance except for the last (which is a reimbursement like other lenders).

My company is a sponsor at the GOREIA, so we are there every month and I also go to smaller ones in the area monthly. 

Note to self - always go with a larger company who will be around for the long haul.

I gave the tenants the option to either maintain the lawn themselves or to have my lawn company maintain it at an additional cost in their rent.