Because I could see saying I have this super specialized, highly desirable loan product, but I'm not going to be spending a ton of time on DD for deals that don't work without something for my time.

With the historic tax credits and a good appraisal, I will be plus $50k on the finished product.

Your comments about the loan product are consistent with what we've been hearing, but the product does indeed exist:The HUD guide to the loanA blog post about the FHA Construction to Perm productThe idea of paying cash for the lot is a great one which I hadn't considered, but unfortunately lots here in Brooklyn start at $350k and only go up from there; if we could pay cash for the lot we could put 25%+ down on the whole project!

When it comes to the Refinance portion of BRRRR, I understand that most banks nowadays have a 6-month seasoning period.  

The vagueness is demonstrating that the completed product meets all of the building code requirements - the original intent of these was of course not habitation so the local agency (LA County in this case) needs to be provided the evidence to approve these as structures meeting building code requirements.

Hiring a qualified, hands-on VA can increase your productivity by 10x, 100x or more.

Lee: do you have any experience investing using credit cards to buy products or services for rehabs?

I am of the opinion there is more than one way to skin a cat @Keith ThompsonNot to get too high on my soap box, but I have more freedom than most financial advisors to have that opinion because I don't get paid to sell financial products and my fee is not based on the percentage of your assets I manage.  

I am not looking for a unicorn but rather a reliable, trustworthy turnkey company that can deliver a product in a professional manner. 

I also try to "break" the product before it ships.I work closely with the developers to make sure the code they write does not negatively affect our product in anyway.