Only give a draw once the work has been verified complete and to standard.

You know where the draw under the oven was a broiler. 

Hello,I am looking for a HELOC, 10 year draw period, interest only, at a fixed rate.

I measure my rentals based on my annual ROI.annual net cash flow + market appreciation + tax depreciation + debt reduction (paid by the tenant) divide by my total investment

Some areas require architects to draw house plans, others allow draftsmen.

Does using OPM mitigate our risk as real estate investors by dividing the risk amongst more participants?  

Developers develop property by buying the property having designers and architects draw up the plans then hire a general contractor who performs the construction side of the work.  

The drawings they produce can be bid out to multiple different contractors for the best price and then they will proceed to ensure their performance throughout the project. 

I did about 8 flips so for. so  not a ton of experience but not a newbie...I establish over time a nice  local team as we all know is needed.few month ago, my main   local partner/contractor  failed me. 18,000$ first draw of renovation was taken and job was not done.he was very fair with money before, so I  can only guess , he got into trouble with other deals and tried to solve it using my funds. the next contractor I hired ,was recommended by my local relator. 

After speaking with him the biggest conclusion I was able to draw was don't bite off more than you can chew.