- Obituary says the owner is only survived by a sister (appears to live out of state) and nieces and nephews

Two cents: always put 20% down to eliminate PMI and ensure you can survive downturns.

need input from people that have been in this situation and survived.

So if you apply for instance and net worth is 100,000 but build out is 50k and with survival money you have to turn a profit in 6 months or you go under that is a huge red flag. 

The big players of course will survive, but the smaller players will not be able to handle the additional burdens. 

We survived the big downturn, underwater on both properties, but because we planned for the worst case senarios, we kept everything.

Has survived tenant toilet overflow, normal shower use, and mopping in the baths.

And who has at least $500K in hand to survive the filling period and to fund the work.If you can get it under contract, and flip it to an experienced investor and make, say, $10-20K on the deal, I'd count that as a success.

It's the business/investor that can manage themselves through the mistakes or bad times that will survive and prosper.

I just don't want to survive  life ,Like to LIVE it  . :')N I C E Ps Been where u are ?