It will "mature" into a 20 year fixed rate mortgage that you can no longer draw on.

They also draw data from all City permits pulled, since it's public record.3.

I handle everything construction and front construction cost until the final draw and then i wait untIl the house sells to get my remaInIng money.

@Wilson Lee, Ideally you would file an ejectment lawsuit first in order to draw out anyone who wants to redeem and to legally establish your exclusive and continuous possession. 

It will "mature" into a 20 year fixed rate mortgage that you can no longer draw on.

Most apparently are retiring and drawing down on their 401s or whatever? 

That can change per property depending on capital investment and draws by each partner.

Lawyers are a needful bunch in times like this.If you asked me, I would suggest finding an RE attorney to draw up a contract with your investor and negotiate terms if the first draft is not agreeable. 

.# of rooms probably doesn't matter all that much. 1bd will draw single people and younger couples. 2bd will draw older couples, roommates, and families.

Right now the three main people is a attorney to draw out my contracts, general Contractors for property wholesale estimates, and realtor for my comps.