You can then go to you're PML and use them to fund the %10 which is $14,000.There will be other fees associated with Hard Money, such as origination fees, inspection fees for the draws for rehab funds, closing cost, and probably a few more minor fees as well.

Hi Corey,  I have not had to have a property rezoned, but for full construction drawings from an architect it has typically taken me several months for a single family residential, full gut remodel with addition. 

People who utilized cost segregation need to be very careful about the holding period of their investment so as to not convert capital transactions to ordinary income too quickly.Additionally, capital gains can only be offset by capital losses - RE Professional has nothing to do with that.I'm with you, I was just talking about lining up a sale with a subsequent purchase that has sufficient losses to cover over the sale's gains.

So, it could be quite difficult to find contractors in your area with verified 203k experience or ones that have been properly educated on the 203k AND have the financials necessary to start the project with no upfront money and be able to sustain the cost of the project throughout the draw/inspection process. 

My buying philosophy is to buy the most desirable assets I can afford which lowers turnover, draws the best tenants, protects cash-flow and yields good longterm appreciation.

Once you have a property for collateral, subsequent properties will be easier to finance.Another issue will be contract signing from afar.

But being "3 draws in and nobody stepping on site" will never happen.

Since I spend quite some time there, the area is important and ideally also some draws that also appeal to renters (golf, pool, amusement parks, etc.). * what areas can you recommend?

I have $250k to put into a multifamily deal) to the real (that deal looks good, let's draw up a contract for the $250k I'm willing to invest) you will actually need the real deal. 

Depending on the lender and contractor you may have to float upwards of 30% of the rehab cost for a few weeks until draws are finalized.