The comps that do exist seem to be performing at a high-levelMarket Overvaluation?

Not performing the first couple of weeks..

We have found that setting our expectations about what we want is helpful (financial performance, level of renovation we can handle, forced equity opportunities, number of bedrooms, etc) and then waiting for a deal to materialize. 

From my experience sometimes the best rates and terms come at the expense of harder underwriting, longer wait times, and sometimes a waste of time (because they can't perform). 

But I do have the knowledge, and the tools to perform those tasks.

Asking Invest 5S for historical performance data on similar projects.3.

Usually the lender will charge an extension fee to keep the same rate.

Or that the remodel wasn't performed by a licensed professional. 

It creates over-leverage and the performance of one property is dependent on the other.

Joseph, starting a hard money lending company in DFW sounds like a great move given your extensive experience in real estate!