(Of course a private loan will likely have different terms, but Wells Fargo should be used to standard terms for conventional loans.) 

A hard money lender will likely require you to be prequalified with a standard mortgage company before you are granted a loan through them.  

If you're looking to live in this property for at least a year, this is a great strategy to get in for only 3.5% down for the property+rehab costs, at a pretty standard interest rate.

Hi allWhat are standard list agmt terms when selling an investment property?

But I assume your screening standards require you to weed out many tenants before you actually rent out the place.

No formal standard exists for classifying a building.

What are some standard protections a buyer should look for once the project is complete?

Is this standard or common practice?

Agents not having the experience in our field, combined with not having the oversight of professionals held to higher ethical standards (CPMs, GRIs, RMPs, MPMs), will most likely not have your best interest in mind but only that ultimate commission.

The strategy is best described in Joel Greenblatt's fantastic book, and an outstanding practical guide and tool for executing it can be found over at the Magic Diligence website.You can do either (or both) of those using the "leverage" of Options, allowing for substantial upside potential compared to standard stock purchases, with dramatically reduced downside (if you want a no-hype education on Options, Erik Kobayashi-Solomon's book is great).Those with the patience and inclination can indeed use Option trading to make money in any market condition (Wikipedia founder Jimbo Wales, Amazon's Jeff Bezos, and "Black Swan" author Nassim Taleb all spent time -- and made lots and lots of money -- as options traders in their careers).For even more leverage, you could of course do any of the above (and much more) on margin (meaning your brokerage lends you money to do the investment), though that's not something I would ever do personally.Also, if you focus on holding stocks (or options) for at least a year, you benefit from favorable tax treatment of the profits.