The lender plans to finance 80% of the purchase price and 100% of the renovations for my property, which is approximately 3000 square feet, renovation loan amount of around $50,000.

Talk to a few different lenders.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

80% of traditional mortgage payment is interest regardless .You'd rather be locked into a rate rather than it consistently floating . helocs can also be locked or decreased at anytime by the lender 

Most draw requests are filled in 2 days, but this varies depending on the lender. 

Uendy GarciaHi Uendy, we are rehabbers and lenders in the Delaware Valley.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

You can't often get them to fix anything and the lenders won't help in any way.

I've learned that I'd rather grow at a slower rate and not be at the mercy of lenders and insurance companies that will gouge you every chance they get. 

The underlying note is a USDA loan at 3% interested.The interesting part is that there is about $60k of equity in the home after paying the entry fee.One of my title companies is refusing to insure the transaction due to the underlying lender being USDA, and telling me that it is a bad idea to do this on a USDA loan.