New construction, fully decked out on the design and amenities. purchase price 785K, 40K in seller credits, 120-140k gross rental projections What made you interested in investing in this type of deal?

I should also note that the project would be ground up and the FHA loan would be a one-close construction to a permanent mortgage 

Can you send me a couple addresses of projects that someone completed that fit your model?

A buddy of mine who invests out in Phoenix once had a client facing a similar timing mismatch on a rehab project.. they ended up working closely with a local credit union who was more open to interim valuations.

One of my connections will fund the rehab for less and give it all to us on the upfront to finish the project at a lower cost.

if its a true condo you only buying the airspace.. so any defects in constructin the HOA has to pay to fix.. so the ceiling work should be on them. 

I am a current college student and gained interest in real estate as I am working on a project focused on finding ways to expand opportunities for real estate investors.

These are non-performing mortgages and the homes are vacant and in preforeclosure.This doesn’t fit my typical passive, turnkey investment model, but I am considering taking on a local property as a “fun” project.

If you're working on other projects during that time, it could create an issue, as it would for any employer.Why not be upfront with your boss and let them know you're planning to get your real estate license?

What’s your vision for your next property - do you see yourself leaning towards value-add projects, or are you focusing more on turnkey options?