An FHA 203(k) loan is definitely one route, but there are other ways to make it happen that might even work better depending on your situation:1.Private or Hard Money Loans: These could be a good option if you want flexibility.

If you don't you will lose a lot of money with evictions, lost payments, and vacancy.

The era of "everything prints money on Airbnb" is LONG GONE! 

Then it has an expense tracker to compare budgets to actuals during project execution.  

If you don't care about making money as a rental, that is my recommendation. 

Seller financing, private money, and subject-to deals can open up opportunities that others might pass on.🔹 Maximizing Value – A distressed property isn’t just about fixing what’s broken; it’s about repositioning it for the best possible return.

Manage the entire P&L for your clients as if it's your own money.4.

Some flips you will only have the budget to paint, do new flooring, etc....others will justify a higher-end remodel to get the best ROI.You just need to get a Licensed General Contractor to go over your Scope Of Work and attach a pricce to what you want to do.Now, if you wanted more precise guesses at your budget, and gave us a Zillow link...we could actually throw some numbers at you.

Officers all too often think the know the law simply because they wear a badge, when they actually know a lot less than most folks. 

You'll still have plenty of money to do a duplex/quadplex and give you breathing room (what would you do if you needed a large repair on the rental?).