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).

However, I remain committed to expanding my knowledge in this area and will continue to follow your posts to understand better how to analyze these investment opportunities.

I'd like to check into using a property management company for my first property, then I'll add it to my second.

I have some great resources about the investing in this area, which can be found on my BP Company Profile page. 

I have another friend who is expanding into the STR business with in KC (He owns the territory for the company he bought in to...right now he is just in STL)Happy to give you his info as well

@Alyssa TeepenThe title company would write you a check or wire the cash out (less the closing costs) into a bank account of your choosing.

Thanks for the info on the two management companies, I'll definitely look them up. 

I am trying to do some due diligence in searching out those mortgage companies that don't care about credit but keep running into brick walls.

Take out HELOC on property and use that to continue to invest. 

I hope to be able to continue increasing my portfolio and potentially get into multifamily buildings if possible.