FHA 203k loan to finance a rehab. 3fam already purchased.

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In the early stages of purchasing a 3family building that needs approximately $50k in construction. I don't plan on pulling money out of my existing properties for this so ive been trying to figure out ways to finance the work. I'd personally be doing the framing, floors, sheetrock, HVAC, among other things. Id contract out electrical, plumbing, and foam insulation. The 203k seems pretty appealing for what I need except for the fact that i believe it requires me to have a licensed contractor lined up as project manager. This takes me out of the equation and will cost me twice as much for the rehab making this a nonsense deal. Any way I can declare myself the GC?

Also, can the 203k loan be applied to a property already owned? or does it require the purchase of the property as well? I couldn't get a clear answer on that after researching the loan.

Any other ideas for financing would be appreciated too. Thanks.