The loan itself is about 1/2% higher than a normal fha loan.Over $35 k requires a consultant which adds another wheel to the cog, but probably good for most buyers.Both loans add a10% contingency factor on to the rehab budget. 

@Susan K. estimated time is 2 months.

@Linda Weygant & @Yonah WeissUDFI does not apply when a 401(k) or other qualified employer plan uses debt-financing, if the debt is associated with the acquisition of real property. 

@Adrian N.There are no tax implications of moving funds from a prior company 401(k) plan to an IRA. 

@Jim K. sees the positives in things.

He said many of the other employees began to display an envious disdain for what he built for himself leading up to the time he left the job to be a full time investor.  

Originally posted by @Steve K.

k.

It won't be a complete tear down and start new, but will cost around $400-$500 k in repairs and expansion, while the home will cost around $1.1M to buy. 

🤭😆 j/k not j/k!