Select your partners wisely - Realtor, Lender, 203k Consultant, and ContractorREALTOR - it's recommended to work with one that has done a 203k in the past so they know what verbiage HUD wants to be added to the purchase offer contract and how to structure the dealLender - advice you to select a lender with verified 203k experience; the lender is the quarterback in the process, controlling the rules, paperwork, processes, procedures, and if the lender does not have sufficient experience with the 203k, your entire process can look like the Cleveland Browns on a Sunday afternoon203k Consultant - the lender is responsible for selecting the 203k Consultant (refer to Lender paragraph above); this person determines the scope of work and pricing for the projectContractor - strongly advise you to select a Certified 203k Contractor; this person does not set the pricing (see 203k Consultant info above) but does need to know the different versions of the 203k, payment methods, timelines, paperwork, and processes; definitely don't want to work with a contractor who is going to "wing it" on a 203k.

@Elijah Brown, I grabbed the tax information off of the assessors office website and added a 5% increase to be a little more conservative on my calculations, but will definitely double check. 

@Marcus Brown I am from the western suburbs of Chicago and I was told by several builders it costs about $65K to take down a house.

@Roland Brown thank you very much for the insight.

@Amber Leigh - As a licensed real estate agent and an investor who has owned in all 3 counties, I agree with @Justin Browne and will add that the numbers are often better in Palm Beach County than in Broward or Miami-Dade.

@Rodney Brown Ask the person to leave.

@Caleb Brown - got it thanks, that’s helpful.

@John Brown one of the big players like Opendoor, Offerpad or Zillow or a small one. 

You need to develop a "definitness of purpose" listen to some Napolean Hill, Earl Nightingale or Les Brown.

@Stephen Brown Step 2 should be in bold.