Depending on your estimate of the ARV and the ability to raise the rent on the 1BR, this looks like a "lendable" deal, IMO. 

Unlike traditional bank loans, private lenders offer quicker approval, fewer requirements, and the ability to customize loan terms to fit the project.

.- i question your underwriting and ability to make money on a $79k purchase with $12k rehab.  

One of its key features is the ability to pull comps quickly while ensuring the data is updated as fast as possible.

We are excited, at times frustrated, and have a healthy level of anxiety, but all of those elements were expected from the start.I'll try to keep this thread updated, as it has always been helpful for me to read others' experiences.

The ability to create equity and cash flow without “finding” deals is beyond amazing even with the upfront cash challenges.

They will based on the comps and your ability to repay the loan.

We have a unicorn product that most lenders don’t have access to and gives us this pricing ability.

But again, there is a charm to older properties, because if they do have the proper envelope a great structure, and the ability for a functional layout, they can have a lot of potential. likely a full gut...

That's not a show stopper since you'll never go broke paying tax on profit.But the ability to use all of that big tax bill to benefit yourself throughout the rest of your life and then pass it along to your heirs tax free is seriously worth considering.