A lot of lenders may tell you the appraisal is free however its not free if you dont close you will still pay for the appraisal typically (its only free and credited back at the end or at the closing table).The other part is to make sure rates are where you want them to be (low enough).  

I think wholesalers are sort of protective of their cash buyers list, so building rapport with them is an important step to gaining their trust.

If curious for some behind the scenes stuff, we talk about it as if it's "Fannie Mae's money," but typically there are other secondary market investors that'll pay a little more than Fannie for loans that happen to be above her minimum standards.

The banks typically want to see some track record before letting you GC your own builds, especially since it is not your primary house (I know my bank does)Most builders only doing a few houses will be at a % agreement, and if you do get them to agree to a flat fee, they will likely just figure out the % of the build, and give you that number.Something to consider, if you dont have experience on builds, cost plus could really get you.  

Because I work a typical 9-5 I can take care of any issues after business hours and I'm available via text or email virtually all the time.  

Not sure if you structured the debt to support a rehab strategy or not.Keep us posted...this has the potential to be a huge capital gain, rehab or not.  

@Michael Enriquez - typically in Pennsylvania, houses are inspected after an offer is accept.

It is very hard to vett the projects and  one failure can wipe any gains I would have to say at best they are still risky investments.

HML do not typically like to lend past 12 months,  It is a short term loan to get in and get out.Also, when you said "I have the funds to purchase" does that mean you are paying cash or getting a loan?  

It can be quite a bit more per hour income and you get other great benefits: tax benefits, appreciation, etc and the ability to sell when the time is right and defer all your gains.