We are willing to put in money to this deal to show our commitment to this project and partnership.

It's been a great place to invest and there are many projects that pencil nicely.

They will know your local area and a good hard money lender will also be able to vet your possible project.

You have to turn over every stone to get a clear picture to asses if this project is worth the risk and meets your goals.

Can I use projected rent money as income when applying for a loan?

The first is what city is this located that you're achieving a 9 cap and what is your current and projected future ROI/IRR on this deal.

Apart from my own projects, I have multiple investor clients that I help project manage their flip/hold renovation projects in the area.

I try to get a 30 year fixed so that I can use a few exit strategies incase my other projects come into play first.

Jerry,Depending on what the project is there are several options:- Renovation Builders Risk policy for the building & separate Liability- Vacant Dwelling policy endorsed to include the renovation- Homeowners or Dwelling Fire policy that will allow the renovationWhich option is best depends on the work to be done, duration, whether or not the building will be occupied, etc. 

The project profited around 100k after getting a 350k cash offer.