Purchased land with $120K down, $50K land loan.

I try to copy the type of structure thats working (changing the elevation) and use those as comps when I go to use a DSCR loan on the back end to pull money backend.Knowing what strategy you are going for would help me direct in a more accurate way.

Need to get it it done quickly for a hard money loan. 

This can result in higher depreciation deductions in the earlier years of ownership, providing tax savings.Tax Situation: Consider your tax bracket and the impact of increased depreciation deductions on your tax liability.

If you have a loan, you may wish to look into due-on-transfer clauses.

The following is from Stessa in regards to your situation:"The cost basis used for depreciation in this situation is the purchase price of the home plus certain closing costs, plus qualified capital improvements (such as a new roof or other renovations).

Happy to connect to discuss your current situation. 

So, my plan is to get a loan or line of credit for the renovation for 18 months and then refinance the entire property when the balloon payment comes due. 

They're incentivized to make/save as much as possible from the deal so I wouldn't be surprised if they aimed to cut costs in a situation like this. 

Anybody have experience how to manage a renovation loan and draws using multiple contractors?