This varies depending on how you structure your contract, but if that is what your contract says, then at the time you enter the contract, you will need to supply a 1% downpayment.

3) Can you supply utilities?

MikeOH,It might help if you supply the "missing link".

Here are some quotes directly from the links I supply below.

Too much supply....

So I plan to supply the bank with a copy of my LLC's bank statement.But should the offer itself go from the rehabber under his own name and listing me as a private money funding source, or would it be better for the offer to go under my LLC's letterhead?

Traditionally, gold is considered a hedge against inflation, however, at the moment it is only a hedge against the sinking US $.However, real estate price movement depends on many other factors such as supply and demand, interest rate, affordability at a given time, tax incentive, etc.

Real Estate investing is not an individual sport and this is especially true starting out.

Property management is a FULL CONTACT SPORT!

Supply will eventually catch up with demand, guaranteed.