Having a good agent involved would have helped in getting your house to appraise, since they are working with appraisers all the time and know how to speak their language.

I've learned that you need to take risks in life to get to where you want to be.I no longer work for someone else and the only one that decides how much I get paid and how much I will retire with is ME.

However it does run more risks of course once you buy it you own it.. as oppossed to buying already rehabbed and tenanted.. then its just making sure you do your home inspections etc etc.I know TK operators that do some pre rehab.. and do it well.. but they are not nearly as prevelant as the standard model now of rehabbed and tenanted. the other thing is a rehab and tenanted you can leverage into it day one.. pre rehab as stated is generally all cash then refi later to pull your cash out.

Each investor that a lender sells their loan to has different requirements on how many mortgage payments need to be made before we are not longer at risk of a charge back.

It's a bulky process so make sure you have the right lender involved.

I appreciate the family friendship but things have to be in writing from now on, memories come and go where money is involved.

Get your experience where there's less risk.

Unless your in a market like the Bay area were you pay 1.5 mil for the lot and build a nice spec for 200 a foot say 3k feet for 600k  and have 2.1 in it and sell for 2.9  which is common the 15% of project cost work.but if your in a market were lot is 100k   build is 200k and end product say is 350k.. and you pay 30k to the builder that is far to much by double.we hire for flat fee if we are financing the whole job and they are simply acting as GC and have no monetary involvement.  10 to 15k a door. is what we pay.. and if we are so inclined there can be a bonus if we do real well.hope that helps.. careful to tag your jobs to % of gross construction costs you may not like were you end up.

I know there are many variables and specifics involved but should I expect the dues to go back down to a lower level once the reserves are met.

The whole point of sites like PoL and even Lending Club is to spread your risk across several deals.