Edit: These are general q's, not directed at you OP.Would you like to collect a handful of assignment fees or would you like to build a relationship that could potentially provide free leads as long as there is breath in the lungs of your prospect?

There are differences, however; a contractor working with a PM is likely only going to see a few, full blown remodels a year, whereas a flipper is going to live and breath that kind of work.  

Trying too hard,  salesmen breath... whatever you want to call it.   

However I have recently left this industry to 'catch my breath'.

We are devout converts who live, eat, sleep and breathe what we believe. 

Beg borrow or steal the money to get the foundation fixed.Brian above had a very good suggestion on how on how to get a good loan.Get the place cleaned up as best as you can...farm out any of the prep that you can't do yourself.Take deep breaths. 

I would love to say that this is wrong, but in reality, if the bank held their breath and did nothing everytime a borrower said they wanted to do a short sale, it would be counterproductive for the bank.

But would consider core areas with the understanding that I may be overpaying by up to 10% but over 10 years it will be a winner.I'm a Brentwood guy who started buying up SFRs in 2011-2013 time fame and the return over roughly the past 3 to 4 years has been breath taking.

I breathed deep, no sinus pressure...I get a hunch that maybe it was the medicine.

My suggestion would be to take a deep breath and let it go.