., sounds glamorous, right?  

Account Closed - wow, depreciating the whole amount sounds too good to be true.  

In our FL As Is contract, which you can find online (FARBAR AS IS) the inspection period is an absolute get out of jail free card, Paragraph 12.....something to the effect of "If buyer determines, at sole discretion of the buyer, that the property is not acceptable, Buyer may terminate this contract.....and the EM will be returned".  

Tim Lol that story Sounds Familiar :) Hello an welcome to BP I would recommend Joining some Meetups an your Local REIA Club in Indianapolis as my Friend Mr.Alain Stated there is a lot of great People an Opportunities on here but you will need a Mentor to guide an cut your Learning Curve Good Luck.

Long story short, make sure you are the one that has the answer to "OK, so you like it, how does XYZ sound".

It sounds like you have a good chunk of money, but not enough to buy a ton of properties.  

It sounds odd, because it is.

The build environment effects us all in some shape or form (no pun intended) and to approach real estate as both a design AND investment opportunity, i believe you can set yourself apart for the better.  

It is easy to tear stuff up, and you will save a pretty penny if you do so.Go to the home depot, home emporium, lowes, lumber liquidators, everywhere and get your prices on paper.Labor is expensive, but if it sounds like a ridiculous number, it probably is. 

Hmm, sounds like there may not be enough info.I'd be very surprised if any lender would allow a 94% L2V note, even on a distressed property.