Stay with me!

You likely will have to pay the contractors as the work progresses and get reimbursed on the draws.

Being able to streamline drawings and MEP coordination will make you a great partner for developers and rehabbers here. 

The great thing is that the tenants usually stay longer compared to market rate tenants.

Some allow draws during rehab or an appraisal on ARV up front, though it depends on the lender’s guidelines.

Hopefully this draws some applications. 

I totally agree that getting the drawings done with permitting in mind is a game-changer.One thing I’ve found helpful is building a good relationship with the local permit office staff.

OP post to me was talking about fishing being the major draw and I know in MN WI Walleye fishing is more of a religion  than anything else. 

This costs less than one night's stay in July so not that big of deal and its been a couple of years since we had to do this.The peak times are great, but the slow times can be very slow.Do your research before going under contract on a property.

Curious where different investors draw the line.