@Ryan Rabbitt Did you end up pulling the trigger? 

It took up a lot of logistical time too.

I'm also intrigued by the Shovler.com app, but I fear being left hanging in the event of a big snowfall.

I want to learn and get as much experience as I can.

Of course your other debts including student loans go into the mix to come up with your total debt to income but the income needed  is a lot smaller then a lot of borrowers in your situation tend to  think.  

I've remodeled dozens of houses and done a handful of ground-up construction and I'll give you some reassurance...

Most work like this: Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV)100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.

Of course we are closing now that the market is picking back up🤦🏼‍♂️.

The NC disclosure form does ask if there have been past flood insurance claims, or damage from past floods or FEMA events.

@Karina Pacific, Welcome to BP!