This is never accomplished in hard money loans and some may feel this adds more risk to the lender not having interest paid as you go, I argue that not having to come up with that monthly interest payment reduces the amount of capital needed for that project total and there by reduces the loan to value needed which helps both parties.

If there's anything I can do to help, don't hesitate to reach out.

2) You are a control freak and won't let your PMC do their job- Can't help you3) You don't really have a PMC and are self-managing, yet don't know what you're doing- There are inconsistencies in your postings that make this a possibilityFor #2 & #3 above, use this:https://www.legislature.mi.gov/Publications/tenantlandlord.p...

We moved in with a family member to help them out.

If you need contacts for any vendors let me know I'm happy to help 

I am not too far away in Charlotte, happy to connect with you and help where I can.

The intent is the sponsor needs to know enough about investor to feel comfortable the investor has the financial knowledge and acumen to properly evaluate the potential risks and benefits of any investment and the financial stability to invest capital for a 5 to 7 year period.Topics of discussion with sponsor would be:Income, credit, job stability, prior investment experience either with real estate or other asset types, education level, occupation and profession, amount of savings or funds in retirement accounts.Hope this helps.

This is very helpful, and I am currently making a full plan right now.

-Rent by room- I think labeling specific cabinets, fridge shelves, etc. can be helpful to set clear boundaries.

I don't know anyone or anything about the area but we are willing to pull the trigger.