He had me over to check out the work and I noticed right away that they had used screws that weren’t even rated for outside to lay the Trex decking, which caused me to look into all the other details which as you can imagine were equally wrong.

Will definitely check that out . 

Even if you don't think they have anything to do with REI, they do.Strategies for you to check out. 

Of course, always check with your local real estate laws but you can edit to your state/county.

Not necessarily looking to switch lenders, but I want to sanity-check whether this quote is in line with the market.

There is a section on the lease that you can check for the lease to go month to month. 

We also use local banks that offer construction loans with similar structures but better terms, so it’s worth checking that route too.Happy to connect if you’d like to talk through the process or run a deal by me!

Credit Score is huge, Property type, number of units, number of years prepayment penalty and DSCR ratio where if its 1.25% or higher you get a lower rate.One thing that is a crucial as mentioned is monthly rents so that you can run the numbers up front to check ratios.

It used to be 6 months from sale would be good enough (30 years ago).I could go hard money, but I would want to watch the pre-pay penalty, points and interest.I will most likely hold onto the property for 2 years as residence if I don't use hard money.If you can get a proper, legal, contract with owner financing and make the payments (seasoning lengths vary by lender, 6 to 12 months) and get proof of making the payments on time, (cancelled checks, bank statements) the lender will probably accept that part of the qualifying process.

Will run both credit and background checks for you. i think its called SmartMove?