The restriction states no more than 10% of the exterior can be "man made material" and I would classify hardie board as this.  

If this property is historical in the sense that it is on or may be placed on a historical register, the renovation project will also have to conform to a set of conditions that will generally have to do with maintaining all or significant portions of existing architectural elements such as facades, building materials and colors.Historical or not, any planned project will have to be heavily vetted in terms of existing conditions and projected uses for all major building elements such as structural, electrical, plumbing, mechanical and ADA and ANSI provisions.

All of this is very difficult and probably not material for a first deal.

Do you get materials at Home Depot or do you use some type of supplier?

I started to create manuals and an materials book to repeat the same process with each property.

That said, the boiler plate language generally required the loan parties to notify the bank of any material changes in condition or business purpose. 

I'm looking for a good credit card to use on my next flip I will be spending 40k at least half on material.

I felt like I was studying at random.I also found that a lot of study materials on the internet are not correct.

By donating labor, time and/or materials, we can bring down the overhead of each project. 

No material improvements were made to the property.