This may be to deliberately prevent discovery of other electrical issues or prevent fire/injury.You will need some form of hard money or construction financing to purchase the property as is, and you will need to get the property occupant-ready to pass an appraisal before permanent financing is on the table.

Purchase price: $55,000 Fix and Flip Purchase.

@Jordan Kaylor Using a HELOC to purchase a property and then refinancing into a conventional mortgage is technically considered a cash-out refinance.

I paid a flat $80 or 90 to MN renters warehouse when I first purchased there because the rent was $2,700.

And the only "client" reviews I've seen mention that their customer service is non responsive and difficult to get a hold of once you're purchased their services.

@David Sohn It depends on what your purchase price is.

Quote from @Zach Rumfield: @Connor Hibbs all 2024 purchases.

-Purchased a commercial property this year for ~$2m.  

I'm also a licensed mortgage broker with a lot of fix-and-flip programs, including some that require as little as 10% down on the purchase price, and provide 100% of the rehab funding.

(Not just cash at closing but sales price minus selling costs, minus purchase price, minus improvements.)