According the HUD website the loan can be used in the following ways:Eligible Activities:The extent of the rehabilitation covered by Section 203(k) insurance may range from relatively minor (though exceeding $5000 in cost) to virtual reconstruction: a home that has been demolished or will be razed as part of rehabilitation is eligible, for example, provided that the existing foundation system remains in place.

I learned from my father, an eye surgeon, that when he sees people in the ER with a "stupid trauma injury" they always have this dumb look on their face like "I didn't think it was going to happen to me."

Its like a brain surgeon.

Qualified acquisition costs mean the costs of acquiring, constructing, or reconstructing a residence, including any usual or reasonable settlement, financing, or other closing costs.

Steve, the driver who dropped this can off, was a surgeon with the dumpster.

This mentality took a toll on me and I pursued medical school route and worked with top surgeons and realized, this is not for me in a sense I realized I would still work for someone else.

Pretty straightforward.Also, the comparison between a surgeon and real estate investor is not a good one in my opinion.

If you had a sprained ankle, some people would choose to self-treat, some would go see the family doctor, but I sure wouldn't pay $8000 to an orthopedic surgeon. 

My current agent wont let me get a RC policy without it being close to the cost to reconstruct new which is almost double of market value, if not I have to go ACV. 

You need to wholesale first.If you want to be a good buy and hold investor, you need to wholesale first.It is like saying..OMG man, don't become a brain surgeon because it is difficult.