I would hate to be forced to fix an expensive POS item right away. 

These loans allow buyers to purchase a property “AS IS, WHERE IS”.Renovation loans are available in 30, 20- and 15-year fixed rate terms and can be used to purchase owner occupied, second home and investment properties.By time the renovations are completed, the home needs to be in move-in, live-in condition and conceptually ready to be resold without repair issues.Other Important Items to Know about “Conventional” Renovation LoansMaximum – Minimum Purchase/Upgrade Amounts:Maximum: Limited to 75% of the “after improved” valueOccupancy: Primary, Second Homes, Investment PropertiesUnits: 1-4 unit propertiesRenovation Term:The renovation term for this program is a maximum of 180 days.The Borrower(s) is responsible for the work being completed within the escrow period.

He further said it should NOT go to eating out or buying other items  and for sure should not be used to quit your job ( which is so popular mind set)Mr.

For example, maybe they believe they did $1800 in work, buy you believe they did $1200 in work and that there is still a punch-list of items that need to be done.

It is just a matter of whether they broke it or not.It goes the same with all issues such as guest complaining about not being able to check in before check in time, or not able to find the item when we clearly stated where they are and sent them photo proof… I call this stacking the bullets before the battle and I tell my team you guys are sending me without weapon to fight if you don’t do this for me 😂 (I handle all the claims as I do this for my job)You are in an expensive market!

You should only have to do this with the largest items- mainly couches/chairs and dining sets.

Umbrella insurance is crazy cheap for the benefit, and it already requires you max out your liability on your other covered items.

I would simply hire a good civil that has done development in that jurisdiction and pay for a feasibility study and let them run through all the check items.. but thats really just the start.. also for context .. these projects require 350 to 750k in CASH up front to get to approved plat status ..

Taxes are another item on your deal analysis.  

Also, when it comes to these infrastructure items you are concerned about, learn more about the "options".