@Ann Bellamy - As Steve said, the drafts are a good thing and are designed to work that way.

We are fortunate in my area to have a HML who has a program designed for holding rentals for 8yrs @ 9% which can work for some deals,Don't wait to accumulate your hold portfolio just because you can't qualify for bank financing currently.

(IRS - Family Gift) My parents are a good source of low budget ( < 20k) loans.

Hello @Darren Nichols,The 70% rule is a good one to follow and is designed to leave some room for mistakes in your numbers.

These refer to the various Wheat Ridge zoning designations. 

Regular framing and building wood is kiln dried down to a low level of moisture, regular paint is designed for this.  

I'm not one to kick a gifted horse in the mouth, but why would you want to limit your options for his benefit?   

My in-laws are gifting my wife and I $65000 to invest in buy and hold real estate.

I suppose there was a Quit Claim Deed transferring title to her and for tax purposes the property transfer is treated like a gift.

Some, like me, offer a full range of support from market education to hard money, preferred contractors and rehab design and finish-out assistance, if needed.