I skinned my knees quite a bit on the first one, i.e. the electrical infrastructure was 50 amp and not 200 amp that is needed today.

That said, the foundation risk is a factor of the moisture in the soil below the home's foundation.

many mortgage bankers follow specific guidelines in order to sell their notes, like right away.if you decide to use Hard Money - you'll have much more flexibility in terms of being able to put less down, invest in different types of properties and present your investment strategy, rather than just the property itself.what i'm saying here is, if you buy a house and use Wells Fargo - they're not going to be concerned with something like the ARV (after repair value), whereas a HML might loan you money based on that - which grealy enhances your investment options.i know that doesn't make sense right now, but with a little research - you can come to understand the old saying:there's more than one way to skin a cat...being new, just be very cautious what you get yourself involved with.

However its still really hard for us newbie investors with no proven track record to get a bank large or small to give us a loan on an investment with none of our own "skin in the game" so to speak.

I agree that moisture in the basement can be a real pain.

I would advise adding 20% to your budget as contingency for the unexpected and make sure you're not going to have any moisture seepage issues before building everything out..

This is not always true, but a likihood the termites and moisture penetration are at the same location.

Foreign money has been flooding the land of milk & honey because many nations are jumping out of their skin in joy just to save their money from inflation.

Forgot to mention, you need to find the source of the moisture that caused the mold in first, and make sure it's fixed.

,Most banks want you to have skin in the deal, and most will ask you is the down payment borrowed money, and you don't want to lie that is consider mortgage fraud.