I was told by one expert that if the state authorities object to it, then stop doing this.

when we go we give our tenants their number and authorize repairs.

Sorry, I meant to include this link:http://www.biggerpockets.com/renewsblog/author/johnfedro/

When I write articles, I typically try to link to other authority articles on the topic.

Tried contacting the author of that article but he has yet to respond.

I'm not familiar with FL state law.If the owner isn't sleeping over this I'd suggest you call the state banking authority as they will know if the bank could do it, take care not to give them any ideas!

The superior lien holders will not negotiate, you are not the debtor and have no authority on the note.

You sign off on scope of work and he can process payment when you authorize release via that same sort of system.

Therefore, Fidelity National Title Company is authorized and instructed to record documents required in this transaction even though all of Buyer's funds will not have been deposited into this escrow.

That is, LTV is not a comprehensive metric and is irrelevant in the context of flips, especially if you’re looking at it as a measure of safety.Other than a profit, the key for you as the lender is to understand how you can get out of the property if the deal goes south.