The value of the land is estimated to be about 35% of the total cost of the project, I have an excellent credit score, high income and very low DTI so qualifying for a loan would not be an issue, other than the fact that I am not a GC.

There are some additional things that could help determine which loan product is best for your situation.203k Best When:- Credit scores 680-720 or less- Renovation will improve the value of the home more than 75%- Renovations will be on or in the home - no new yard projects, only fixing existing- Higher Debt To Income (can get approval with up to 56.9% dti)HomeStyle Best When:- Purchase + Renovation costs will come in higher than FHA Limits- Home improvements will only improve vale 75% or less - 720+ credit or 20% down (of purchase price + reno cost) to avoid PMI- Exterior Projects (fence, hardscaping, pool, outdoor kitchen)- Lower Debt To Income (sometimes as high as 50%, many times between 45-50%)- Renovations that are greater than $35,000 (soon this will move up to $75,000)Happy to answer any other questions that you may have!

Odd, as our facebook page has a few dozen.Third, if you don't want to do a membership based version of creative funding, you have plenty of alternatives.

2- Never trust the lease contract or always read them and never trust the seller's version?

U.S. credit is not necessary as the loan will be assigned a 680 credit score. 

As an owner occupant, a 658 credit score should be fine to get a loan.

I'd imagine you can get much better rates even if you go with a no PPP as long as you have good credit score...

A fair version of theroommate ordinance could be designed that protected the housingprovider as well as giving flexibility to the tenant to bring inlegitimate and responsible roommates.Theeviction protections that Sawant pushed forward when on the councilare insane.

Invariably, there's commonly some version of "we've always done it this way" or "because person X said so last time" or "well you just can't do that" that is creating the roadblock.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.