Then draw a diagram of the house and draw lines from the service to your outlets and lights.

Then have the father sign a termination letter of some sort - that an attorney draws up, of course. 

Advantage of HML is another set of experienced eyes looking at the deal before funding it and the HML controling the draws for the contractors which both add safety for you.

This complicates the partnership as it dilutes the value I can bring by assuming the risk.In my experience so far there are HML's that also fund the rehab and some that do not, so how is it any different in underwriting's eyes if I just never take a draw with an outfit that includes the rehab funds? 

I may be erring on the pessimistic side but I think the days of above 1% are drawing down until perhaps another market correction or rent increases swing sharply up to compensate.

They do 80%LTV on rentals at a variable rate of prime + 1% if you have 3 properties or less including your primary, if you have 4 properties including a primary they will only do a Heloc on your primary. 12 year draw, you choose p/i payments or i/o.

I don't think anyone should be surprised that blogs are marketing vehicles- my posts are aimed at engaging the investor community and drawing interest to my company as well.

This avoids issues later when they email you an estimate with a lump sum or a draw schedule that doesn't break out the work at all.

That may not be obvious to non-tech folks, but you could simply draw some arrows on the edge with a permanent marker.I keep it set on "ECO" mode when no one is there and I also set up a schedule which gets enabled as soon as someone twists the dial which takes it out of ECO mode. 

What types of things should I be looking to draw out of a potential seller in order to understand her needs/motivation?