Now the loan for the GMAC financing has a HUD Regulatory Agreement for Mortgage insurance.

Generally speaking, the more bodies (big, little, or furry) in a unit, the more damage you will have.

Allen - Robert Irwin - Robert Kiyosaki - Robert Shemin - Ron LeGrand - Russ Whitney -Ted Thomas - Wade Cook - Wealth Builders - Just to name a few.Ten's of thousands of dollars later I had so much knowledge that I thought my head would burst and on top of it all I was scared to death to step out and do what I had learned so I got another job and the living paycheck to paycheck continued until a dear friend asked me how long have I been stupid.Yes he upset me greatly but he helped me pull my head out of the lower part of my body and I started to put action into what I've learned about real estate investing.When it was all, said and done I turned my life around from living paycheck to paycheck to being worth millions!

Maybe an arborist or some body else? 

Miss Karen, would you please clarify for me if you mean flooded as in "in a flood plain, damaged by water originating from outside the home such as from a body of water" or flooded as in "sewer or septic back flow, frozen or damaged pipes, or other source originating from the plumbing or drainage system of the home"?

These are basically people who are trained to go to courthouses and other public bodies to obtain the necessary documents.

In any case, 2-3 able bodied men should be able to remove baseboards, casing and cut & remove most of the drywall in 2000sq ft house in 8-10 hours....so $ ?

any able bodied person in CA right now can work in labor Period.plus if its real estate you want to do then learning how to reconstruct a house would give you a lot of knowledge that you can use in the future..

I spoke to an experienced banker at a local credit union and they told me that they are governed by a different regulatory agency than the banks.

They will let you know if the area you are considering is under any regulatory restriction.If you are in an area with an HOA(I'd forget it) they usually have set standardsand a mud hut ir a "tire" house will not pass muster I'm sure.Build Regs folks can point you in the right direction and let you know what will be required for the area.