So this involves hiring an architect draw up plans ($1,000 - 3,000 if I had to guess).  

Budget Wisely:Make sure your budget accounts for the purchase price, the cost of the renovations, and any additional charges involved in flipping a house.

We take your info and we let Lenders battle for the deal offering their best options.

You aren't necessarily building that much equity (cost of building exceeds the value) but it is a third option that is a hybrid.Another factor is location.

Hard money rates/terms so awful I don't see it as a viable option unless have some insane deal.

Currently only getting 70% LTV through ROC Capital on our DSCR loans since my credit dropped below a 720.I've heard that second position DSCRs may be an option?

Another option would be to connect with the hospital's administrative offices, as they may have partnerships with local landlords for these types of accommodations.Regarding utilities, in mid-term rental situations, it varies.

Those are great options that I will consider.

This issue, if caught early, is probably fixable with out insurance involvement because the deductible might be more than the repair cost.  

There is a lot of work involved more than most people think in most real estate deals,