Let me go back to the drawing board again on this -- probably need to educate myself better on long distancing. 

Once you close, no one should ask you for more information unless it is for construction draws and that should be for proof work was done to the house.

The more remote areas would have less of a VRBO draw off season, but Portland would be more year-round.   

For reference, figure on $275-325/sqft for all-in ADU project costs…so an 500 sqft 1BR standalone ADU would typically cost around $160K.Pre-construction costs: $10K for design, construction drawings, title 24 energy report & electrical layout, permit processing. $5K or so for permits, assume 10X the sqft of ADU (500 sqft = $5K fees).Construction costs: $250/sqft + $10K sitework (e.g. preparing the building pad, connecting utilities, plus a small amount of landscape and concrete work)

Is it possible that some of the money is being held to pay out draws as construction is completed?

@Derek Caffe everything from drawings to CO

He subsequently modified the date on those photos and said they were from the move-out date.

The rehab can be built into the loan and they handle the draws and basically walk you through working with contractors and the whole bit. 

Area: Colorado Springs, CO (in a nicer part of Colorado Springs that draws a lot of tourists and outdoorsy individuals)Price: Asking was $550, we bid $555 to beat out another offerConcession: After a lot of back and forth, the concession we've received is 15K off for a total price of $540Cash Flow: Excluding the major repairs, property will cash flow around $100/month (including property management) before the additonal unit and closer to $700 per month after the additional unit, conservatively.Loan Terms: 25% down, 3.5% rate 30 year loanThe CAP rate at the new price ($540K) is 5.8%, which is in line with other buildings in the area (Avg is around 6).

.- Option 1 is to get 10 conventional loans, and then every loan subsequent to that move to non-conventional lenders. - Option 2 is to package my 10 conventional loans into a blanket loan or commercial loan (I still havn't been able to nail down the exact different between the 2), which would allow me to do ~10 more conventional loans.Any other options or advice that you have used would be super useful!