FHA 203k - The Good - The Bad - The Ugly

[Max Valdes]

New to BP and I'm curious to hear people's good and bad stories and things to look out for when going the FHA 203 K route.

Another question that I have is, say I personally feel comfortable doing most/some of the renovation work. Can I just pay for the material/tools needed and do it myself - or do I absolutely need a contractor?

Thanks!

[Max Valdes]

@Steven Gesis and @Edward Casano thank you! 

My plan is to buy a mfr in the Los Angeles area then as time goes renovate it. (a house hack - live in flip) I know it wouldn't cash flow in 99.9% of the situations but in some cases I would be paying less than an apartment. The out of pocket cost would be some cash for covering the mortgage/repairs/water/vacancies. Once again, thank you for your input!