Interestingly, they've recently negotiated a re-purchase price with us IF we bring new funding to the table.The rehab is required for several reasons: (a) correct the damage the bank has allowed to happen to the property improvements these past few years (known problems include completely destroyed pool makeover; wild animals living inside the residence; flooring missing in sections of the rec center building; destruction of the decorative main entry gate mechanism; lots of dead landscaping; as well as latent defects not known to us such as working plumbing, HVAC & water services) AND (b) expansion & upgrading of the accommodations (converting the private residence to a 2-story lodge with the restaurant/bar, reception/check-in, movie room, public restrooms, gym/sauna/steam room/massage therapy room; enlarged pool & deck area with climate-controlled cover for year round use; conversion of former restaurant/bar building to a general store selling venue collectibles & wearables, selected pre-packaged foods, sundries, RV & camping items, bagged ice & a propane refill station; construction of a free-standing event center; free-standing cabins; enlarged & upgraded RV park with its own small restroom/coin-op laundry building; outdoor activity areas; new landscaping & fencing; new parking area & entry drives (personal car & RVs).We know our target audience having created and operated the former version of this resort for almost years creating an initial membership base numbering about 1,100. 

If I put 20-25k into this house and sell it for 525 I would walk with around 170k pre tax. 

Important to note, I am provided full access to all of the meetings and pre-development functions to grow my knowledge base while I am getting my personal financials in better shape to purchase properties I view as better long term investments. 

My official job is giving them pre-employment pre-access drug screens. 

Real Estate is a long game and it was "easier" the last 10 years pre-covid to buy and cashflow. 

Paying pre payment penalties is something else altogether and not something I see myself doing. 

I have seen some pre-fab homes like this in Los Angeles.

What I found helpful was that it was flexible since the whole course was pre-recorded videos with printed materials to go with it.  

Also, make sure to get pre-qualified from a lender for which ever loan product that you wish to utilize so that you can shop effectively. 

@Jimmy Rojas, have you tried getting pre-approved through a lender to see what they can offer you?