So to get to a $40K rehabbed home they either have to buy it for $5K AND make no margin on the sale or cut a lot of corners during the rehab process.

@Charles Beyer, I am beginning the process of subdividing some rural riverfront property.

I expect to complete rehab within 8 weeks and we add 3 months for sales/closing process.

When the tenant is late with their rent, then follow the normal processes you would with any tenant.

@Michael M.I am actually in the process of doing this with my current bank.

In the past, our tile selection process typically ends with us saying, "how cheap can we possibly go without it looking awful?"

This process of reconciliation can be weighted anyway the appraiser subjectively determines is most accurate. 50/50 20/30/50 80/20 whatever...Hope this helps.

In addition to needing a pre-qual, I want to familiarize myself with a hard money lenders' requirements and processes, so I can jump when I need to, now or in the future.Does anyone have any recommendations?

The process is, for example: 1) Monday: Escrow Agent records the A-B conveyance of title with the county. 2) Tuesday: The A-B is considered "closed". 3) Wednesday: Escrow Agent records the B-C conveyance.

What's the process like?