For 1.5M downpayment, the target price can reach 5~7.5M if DTI is allowed.Due to the big difference on target price, I raise this topic to confirm whether my understanding is correct or not. 

If it’s a good deal based on the comps, and in a good location, then I’d look into a conventional loan and maybe putting a little more down so that it cash flows.

I would learn a little bit more about contract law in your state.

We lend on projects of this size!

Lots of depreciation you will pay no tax maybe even shield some W2 income.B.  8k maybe 10k if you pick the right guy to lend your money to in interest income you will be paying much higher tax rate on this income FYI no depreciation expense. 

Most importantly, I'm sure you would agree, this has been a huge learning experience that will allow you to be a more successful & savvy investor in the future based on this experience. 

You should connect with a structural engineer to take a look.

Outsource tasks like admin work or cold calling to virtual assistants (VAs) to free up your time for more important tasks.3.

If you actually need to do permits on everything or just structural fixes and big items (I.e. roof, siding, windows, etc.).

I will say this, in the first pic my eyes went right to the air vent in the upper right of the pic because there was nothing else to look at.