Hey @Shawn McCormick I'm just looking for some support when it comes to experience and capital.

There are other private lenders like us, who are local in Michigan; who can support investors like you.There are local REIA meet up groups for networking, that can also a source for private lenders.

Personally, if I was in your position I would just create a 4 bedroom apartment if the rents support the work.

I’ve met enough people that make more or are supplemented enough to support three families but their credit score still comes out below par so before you think of a list of questions.

As far as the estimated value of the home being the same as the equity... this means there is zero equity...You could still add value, by turning a 3B1b house into a 4B2b house, if the comps support it of course.The more creative you are the more money you can potentially make.I sincerely believe that the source of the questions comes from improper lead gen.

How you do it, is by paying attention how fast buyers do something stupid and can no longer support house flipping, so you tweak this till you achieve equilibrium!

I’ve cut Ken out of the equation and have instead been in touch with Morgan Stiles at Construction(at)investorlendingusa.com who has been much more reliable and professional, although draws have still been delayed to the point of my project being delayed.I’m interested in supporting you in a class action lawsuit if you decide to go this route.

Although your first appraiser is correct in protocol and he has the documentation to support this, it's very difficult to get appraisers to consider additional square footage that doesn't match what's listed on tax records.

I had heard BP community was supportive, but I wasn't expecting this!

Hire a solid bookkeeper as a contractor for ongoing bookkeeping support to handle the day to day grunt-work in your books.