How do you pay them and are they a consultant and you then pay a contractor to complete their recommendations?

If you would like a consultation and to possibly give you some insights, let me know!

Im hoping to start talking to lenders & consultants in December, to get an idea of how much I qualify for, that way I know what I can start looking for.If there are any lenders that lend in NY and are experienced in 203K, let me know!

Always consult with your attorney before you rely on the above information.

For my day job, I'm an analytics consultant so I've got a lot of experience with consulting pricing and contract terms.

You can still refi the BRRRR out to conventional if you 1. have a spot, 2. qualify, 3. it is in a single-member LLC in your name (consult your conventional lender on how they will want it structured... mine is OK with a single-member LLC). 

My background is in IT Consulting and I'm used to a Statement of Work that spells out exactly what is occurring in plain english with all assumptions and exceptions. 

It would also be a good idea to consult with a local landlord-tenant attorney and get their advice if you're unfamiliar with the process.)  

Consult with an attorney who specializes in the operation your moving into (REI) and in the legal questions at hand (asset protection and litigation). 

I'd consult with a local lawyer if you want to know for sure because the borrower has ALL the advantages in a usurious loan situation, and the lender has none (and is actually committing a Class A misdemeanor in your state).