In order to do this, they have to be automated which as you can see has it's draw backs.I can tell you this, if all you do is offer on advertised properties in the realm of what they are being offered at, you will die of starvation.

And u will need to oull a permit and have drawings done.

Yes, you want contractor agreements in writing and a limited first draw amount with all work being completed including the punch out work with a signed lien waiver signed before making that final payment. 

As you complete work you draw on those funds.

Drawing out your game plan will help to know what you need to do and what’s most comfortable. 

This includes drawings and written scope of inclusions/exclusions otherwise the pricing will not be apples to apples.

As an S-corp, each member must draw a "reasonable" salary each year for being an employee of the LLC.

I will have drawing to confirm with the city before any construction take place. 

Interest-only pmts are tiny, but your mortgage loan does go up once you make a draw, yet is still much better vs taking out any other kind of loan.

@Jay HinrichsIts interesting to hear your experiences and that you can draw that comparison between Phoenix and Portland.