Would 2 side by side properties with the same owner qualify for fha and/or 203k loans if purchased with intent of doing demo on the smaller, blighted property and rehabbing the larger house into a quadplex?

Going this route, I would recommend asking the prospective PM to show you a demo of their platform and the reports they provide to their clients.Cheers,Melissa

We closed and are off to the races with demo.

This will be a complete demo and rebuild and looking for a 80% LTC. 

(Getting <5k in small claims would cover costs to demo and reframe the wall)Should we reframe the wall and put up insulation and drywall or is this not worth fixing for a 3/1 rental unit.

Obviously this only works with repairs that are quick... doing a complete kitchen demo and rebuild isn't likely going to happen in the 8 hours they're gone.

It's not every day someone posts about demo costs in Japan on here ya know! 

Since I am not planning on selling this project at the end and will be keeping it as a rental property, the extra cash flow is something that is worth it and is a worth while return.Development Costs House Purchase Price - $420,000 w/ 5% DP = $21,000** Civil Engineer = $6,000*Short Plat Permit = $1,000*Property Taxes = $1,700*Contractor Down payment = $5,000Site Clearing (Demo & tree removal) = $9,500Refinance Cost = $1,000Const.

Our experience in real estate is limited but we have helped with renovations and demo for my in-laws and we hired a property manager to rent out our house for a year and a half.Thank you for your time and looking forward to participating in the BP family!  

Hey Zack, sorry for the delayed response - not entirely sure why I didn't see your reply until now. 22k seems high, but given the 4 unit complex and 2x10 material I'm going to tell you your size of project and scope of work to demo old material and retrofit new product is probably why they quoted you so high.