I disagree sometimes there are other reasons to put in an upgrade.  

Unless you have cash backing of your own to buy and a solid commercial buyer's list, these deals are unlikely to close.It doesn’t matter if I agree or disagree with the answer the responding poster provides.  

Hopefully as the rates and the housing market loosens so will some of these guidelines in the HML programs. from talking to hard money funds especially those who operate in more than 10 states, and 5 years of experience with underwriting teams, I'd actually disagree and say new construction is preferred to rehab due to experience level to enter the market. there's BP lenders that will do 15% LTC with 1-2 new build experience.

You probably have an alert for when I post so you can disagree.

I am not trying to disagree!!!

So let’s examine the key factors that can help investors sort through these remaining subset1.

It may not be practical to have a contractor look at each property when you might examine 10-20 for each one you buy.

What examinations must I take, do I need to be a loan officer for 2 years first?

Examining “risk” we see two different additional risks.  

@John Underwood I hear you John, I am not disagreeing with you honestly I just wanted to showcase my accomplishments thus far, I am not thinking in the case of what can happen and thinking of the cases of what I can keep in control of.