Concerned, I asked my real estate agent if I should push for a price reduction.

So it does appear to be possible to get an FHA 203k loan for a 5-unit & convert to a 4-unit.When possible, aim for the Limited (aka Streamline) 203k loan, as it's less complex, not required to get an FHA consultant, etc.Of course, this is based of the two following important assumptions:1)  zoning allows for this2)  and obviously I owner occupy for at least 12 months3)  the total purchase price + renovations are within the FHA loan limits specific to my areaWhat I'm confused about is the timeline or chronological order of the process? 

Hello, BiggerPockets community!
My name is Jay I'm excited to join this platform as a new investor based in Charlotte, North Carolina. With one successful flip under my belt, I'm eager to connect with fellow investor...

The smaller properties are still growing in terms of prices and rents - which have both gone up actually since covid. 

It's difficult to find fix and flip opportunities on the open market but can definitely be done.

Here’s how the ATI Exemption would be calculated:ATI Market Value (purchase price): $1,000,000Previous taxable value: $700,00025% reduction (ATI Exemption): $750,000New taxable value: $750,000Without the exemption, your property would likely be taxed at the full $1,000,000 value.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

There is a price for everything, but flippers make the mistake of thinking they can still get market value on a locational error.

I know that is a long pay back period but don't plan on selling anytime soon, plus you never know what nat gas prices will do. 

Turnkey or close to turnkey would be nice, but willing to consider a fixer upper for the right opportunity.