Lau, generally if you are financing with a commercial lender- we lend for business purpose only and a rental property would fall under that category.

About two weeks later, the appraisal came back with a value that was off by approximately 35%, leading the lender to reject the loan.I contacted the lender to explain why I believed the appraisal was flawed.

Businesses with tons of cash: bars, check cashing, payday lenders, casinos, car washes, vending etc.Then the return's contents are analyzed using the Discriminate Function standards.

While they might not be the cheapest - no HM lender is "cheap" - they do a good job at what they do.

Tracking hours would be kind of a pain as we tend to do a lot of partial-hour type of work like a quick phone convo or texting back and forth with a buyer client, researching properties, talking to listing agents and lenders, scheduling showings, previewing properties, travel time, etc.

During this renovation period would you, as the lender, want an Actual Cash Value or Full Repair Cost policy in place?

You set your own payment terms with YOUR client and then find funding for them.The Capital Syndicate is a private lender firm that offers financing through their own company, but they also provide you with a list of about 150 other private lenders. 

I just signed a bunch of disclosures from my lender and after reading them it has me thinking, "Is there a cheaper way to do this."

Start running numbers on potential deals to get more comfortable, and build out your team—like a CPA, property manager, and lenders.

I would also like to add a JADU on my property so I am in the process of exploring all of the financing considerations with my lender.