We even include a link to the IRS article that explains this. 

@JohnMason Thanks for the links. 

There's so many links in the chain that can fail in that 30 days between when you get an executed contract and when you officially close. 

I have been digging through the guidance and am wondering if anyone has ever taken advantage of the following clause regarding 203k improvement types from the HUD SFH Handbook 4000.1, pg 374:- "reconstructing a Structure that has been or will be demolished, provided the complete existing foundation system is not affected and will still be used;"- "repairing, reconstructing or elevating an existing foundation where the Structure will not be demolished;"Guidance link: https://www.hud.gov/sites/dfiles/OCHCO/documents/4000.1hsgh.pdfHas anyone ever built a new home on top of an existing foundation using a 203k loan?

If it is for a short sale, the lender is using service link to validate the sales price.

Disclosures: this post is an anecdote about a Raleigh NC property for illustration purposes; the numbers presented are actual numbers from my Quickbooks report; the Rent-O-Meter price, T-Bill rates (in the links), taxes, insurance, and PM fees will change over time. 

Here is a link to a BP podcast I was on discussing the Indy market: If you want to chat more about the Indy market and the opportunities here, you can schedule a call with me: https://calendar.app.google/acFPv7ZPzwHef42A6

I am here to answer your questions, so don't hesitate and set up a time to chat with the link below if you're interested in more insights as I am a loan officer. https://calendly.com/tycoutts

see link http://www.dupageco.org/Recorder/3392/You can search personally or online.

It's pretty easy set-up and then the guest can scan a QR code that is in the home, with a shopping list/links of all the items.