If this was during the inspection period, then yes!

I would welcome any referrals for Contractors and Property Managers that have worked with investors and/or invested themselves.Also, does anyone know any Mortgage Brokers that work for banks with a seasoning period of less than 12 months? 

Following the six-month interest only period, each note will automatically convert to a 240 month fully amortizing term note with monthly principal and interest payments.

Wouldn't it require that the market values continue to increase rather rapidly during the construction period to create equity?

I'll gather info on rates, criteria, seasoning periods, LTV, etc.

If total startup costs are over $50k, the deductible amount phases out dollar for dollar.You seem to be having difficultly conceptualizing how one explains to the IRS a non-zero beginning tax capital account on the first return filed or a beginning tax capital account on the return that doesn't match the most recently filed return with an interim period of no filing obligations between the two. 

They are often interest-only for a set period of time, such as 10 years, and most are variable interest rate.

Thanks  Most banks like a 6 month seasoning period

Only after your grace period can you start the process.  

Hi, I'm in contract on a multi-family house and it is already more than 3 month - that's much longer than the 60-day contract we have. And I can't close because the seller still has to get done a few things, he claims...