(House was in Highland Park, Los Angeles)Purchase price: $600kRehab: $94k - Full rehab: new layer of shingles on roof, 13 new windows, all new doors, new laminate floors, new 3' front retaining wall, full gut kitchen (new cabinets, quartz countertops, tile backsplash), 2 full gut bathrooms (new tub, floor tiles, wall tiles, vanities, faucets, toilets, vanity lights), converted one closet into a washer/dryer closet, created a master ensuite with a hallway bath, opened up some walls, recessed lights throughout, scraped popcorn ceiling, installed new HVAC, interior paint, exterior paint, stucco repair, new landscaping front and rear of house, new wrap around deck, installed double french doors master bedroom and garage, to new tankless water heater, new exterior lights, updated light plumbing and electrical, new garage door with motor, and some other normal repairs like replacing drywall, floor boards, and replacing some wood trims like facia boards.    

They got an appraisal (think 1950s house never been updated, rear garage corner rotted apart, roof was 40+ years old and crumbled off in the wind, soffits and some wall rot, original boiler, outdated panel... a mess).

I would like to put a garage or parking pad at the rear of a property in Baltimore City however there is a support cable from a utility pole blocking access.

@Jacob Davis What are your ultimate goals in RE?  Are

There's a few local banks that do rehab loans at 85% of project cost, but sometimes they crawl so far up your rear end that you can taste them...I get your pain on paying points & high closing costs, but I think the most important thing to consider is your cash on cash return for the project and the difficulty in securing the financing.  

Rates should be good and no onerous terms should rear their ugly head.

My attorney has saved my rear end on numerous occasions during the title search process.

Setbacks, front rear and side and any violations14. 

But I have dealt with lenders/Title companies that were a total pain in my rear.

Let's think this through, David.People have lost their behinds over a single SFR because they got in without knowing how to tell their head from their rear.