These loans are structured with a combination of a first mortgage from a conventional lender (typically covering 50% of the project costs), a second mortgage from a Certified Development Company (CDC) backed by the SBA (covering 40% of the costs), and a down payment from the borrower (typically 10%).Bridge Loans: Bridge loans are short-term financing solutions used to "bridge" the gap between the purchase of a new property and the sale of an existing property or the availability of permanent financing.

I'm wondering if it's worth the crazy labor cost to pay someone to do the work, or if it's a project I could do myself.  

I got an appraisal prior to starting and my numbers looks like this PP: 137kClosing costs:5kRenovation: 230kprojected holding costs: 26kARV: 620-650KEstimated rents: conservatively--> $4400/month.

Make your own signs if you are determined to do this.I'm not a fan of open houses for a lot of reasons, so understand their reluctance to do it, but lots of agents want to do it, so normally in our office the experienced agents don't do them, but there are lots of new agents who have been told this is a good way to build their business.   

That could also explain why the costs were so much higher on the DSCR estimated you received. 

For some reason people treat PMs like slaves sometimes.

Have not had a 'issue' selling in the past five years..I would say the additional development cost of an extra bedroom/bathroom are probably well worth it in the long run..Good luck. 

Also, an NDA should not seek to prevent a disclosure demanded by law, for example, an NDA to prevent a person from reporting a crime which the person is legally obligated to report will not be enforceable.The scope, duration and restrictions in the NDA must be reasonable.

So that's one of the reasons I came back to BP: to see what fellow landlords are using nowadays.

(Loan to Cost) Can you find a private guy to lend you high LTV for short term?