This is a hard money product,you typically just need a 10-20% down payment, funding will be 80-90% of Purchase Price + 100% of rehab cost.AS LONG AS THE TOTAL LOAN AMOUNT IS LESS THAN 70% OF THE ARVOnce the project is complete you can then refinance into a DSCR loan.

Lane Kawauka (sic) or something like that is the one who lost a project and 10 mil of investor equity POOF.. there is a thread on it on BP  @Chris Seveney Chris is good with BP he could probably put the link to the thread up if he is not busy.

So developers are building multifamily on these parking areas.Since these areas aren't located on top of residential areas, the zoning approval process has a lot less friction and resistance from NIMBYs.Here's an example in Rochester where an old Sears was turned into apartments for seniors.https://www.passero.com/projects/skyview-park-senior-housing...For multifamily developers, this could be an opportunity for building and partner with the mall owners.

A baseline schedule is a reference timeline to track key project milestones.

It was tricky because the basement ceiling height is not quite 7'.From what I have read online, Fairfax limits STRs to 120 days per year, so it would not be feasible.

You may even find one or two who won't mind if you shadow a project they currently have going. 

You can also hold money for maintenance, capex, taxes, insurance, or other projected expenses.

He calles them "poor people" "economically disadvantaged" He threatened to evict them if they don't rent his appliances like used ceiling fans.

My wife and I have designed over 100 projects in 11 states, so her design knowledge has also rubbed off on me a bit! 

Its current projections are to bring in between 150k and 180k with estimated costs of 60k.