Hello Anshuman, I live in the OC area and we help many investors with financing their projects.

Now some other investors may believe they can boost your revenue quite a bit but they don't want to pay for that projected boost. 

You’re spot on about both FHA 203k and Fannie Mae HomeStyle loans being great tools for renovation projects.

32k or even 42k on a half million dollar house doesn't sound all that good.What's your projected cash flow after all your expenses including a likely higher mortgage payment than the current owners?

Most focus on rate and amount of cash to close but bad loan administration or bad loan administration policies may cause the project to be far more capital intensive if viewed beyond day one of funding.

Do you have financing lined up for the full project?

I am a project manager currently working for a commercial General Contracting company and have a small contracting gig on the side I am working on ramping up, focusing on residential and commercial remodels & all demolition projects. 

List of all items remodeled and how much they cost and the comps in the area (some appraisers come from out of the area and you know best what the comps are and numbers are).Other option: if the numbers turn to be tight and you cannot refi, I would think about selling it lower and taking less on the deal to get your hands washed from the project.

What I'm most concerned about is the Project 2025 plan to gut HUD and most social services.

This is not a straight answer to your question but this is an answer for your next project.