The scenario I encountered may be a little bit different.Purchase $145kRepair cost $5kAppraises at 170k.Bank policy is 90% of purchase price, plus improvements or 85% appraisal, whichever is less.  

I'm sorry you've encountered this problem. 

@Jake Baron sounds like an expensive property to rehab because as others have mentioned due to the water intrusion you will likely encounter rot whenever you open a wall, repair a porch, stairs, roof etc.

I work as a Civil Engineer and have encountered a crossroad in my career.

I know Edmonton has a high crime rate and thus I am trying to avoid any negative encounters/interactions by renting to a different demographic. 

Lots of row homes which makes renovation budgets a little easier (when everything is built the same it can limit the number of surprises you encounter during a reno).

Good morning Everyone, Wanted to some insight on what else I would potentially encounter if purchasing a fix-n-flip with only cosmetic issues. 

Here are a few speed bumps encountered:1.  

Hello,I attempted to open a Solo 401K account with Titan Bank and encountered extreme incompetence.

People starting out today who are much more organized/self-motivate/knowledge seeking (whatever you want to call it) will probably encounter BP sooner rather than later.