It is possible to get one more floor but it gets a little trickier putting in a deeper foundation with potential underpinning.I used an FHA construction loan which is similar to the FHA203k renovation loan but they allow you to build ground up new construction for 3.5% down and you can even roll in the price of the lot.Feel free to reach out with any questions, I'd be happy to help!

I have built only traditional SF on foundations, not tiny homes.

Foundation issues are widespread due to faulty drainage and the cold winters.  

In particular, how to avoided or prepare for a significant issue like a foundation.

. — It’s looking like I will end up with about $15k out of pocket for a total of $30k rehab.This includes new appliances, adding central HVAC, flooring, new cabinets/counters, Interior and exterior paInt, foundatIon levelIng, etc.

Yes, at the end of the day money may have come through simple deliverable processes, but I doubt I'd ever call them easy.

If you stand on a wide and strog foundation that is much more secure than standing tall on a pair of thin sticks.

A home with foundation issues can be a gold mine.

If you're still asking "which strategy should I pick," it's often the result of still needing to do more self-education until you have a strong enough foundation to truly understand all the pros and cons of each.

Supposedly it's best to send a postcard first because it's the cheapest and you'll get the non deliverables back returned to you so that you can further scrub your list or skip trace those returned cards and find the real addresses of the owners.