At the end of the day; you need more money to do something like this.MAX LTV on new builds is 80% LTC, Meaning if the build is $550,000 and Land is XAdd ($550,000 + x ) * .8 = LOAN AMOUNTYou would need to come in with MINIMUM 20% of the cost in addition to closing costs and reserves, $80,000 is not going to cut it for this project.

Don't know how much renovations will really cost, again, either PM or GC conversations.  

You have to put 5% down vs 3.5% down, rates are usually higher, but if you have strong credit, your PMI cost can be cheaper than that of FHA loans. 

Variable cost and CapEx are where I see most investors make errors on their Pro Forma.  

Finding a good account and bookkeeper wasn't difficult and using online registered agents was way more cost effective.

Hard money typically refers to a company that has it's own underwriting guidelines, rates (9% - 15%), costs, draw process ect.

Renovations can cost more than you expect, add 10% to your overall number.

Quote from @Sarah Kensinger: I love Minoan and HostGPO also, but Minoan is free to use!

And up-front costs to deliver quality are not cheap. 

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