FHA 203K Lenders Winona, Mn

[David Taylor]

Hi Biggerpockets nation!

We are looking at our very first property. Looking to do an owner occupied triplex commercial zoned.

All three units are spacious with a nice layout. All currently rent for market value.

At first look, siding needs to be replaced and the roof should be updated within next 3 years. 1 broken window and garage door need to be replaced. Landscaping is a must.

Were looking at doing an FHA 203k renovation loan. Has anyone ever done one? What were the ups and downs?

Anyone have a good suggestion when finding lenders and contractors that have done similar projects? What not normal (compared to a conventional) question(s) do I need to ask?

Thanks,