I am building ground up so any contractors that do framing, plumbing, electrical, roofing, etc.

So even if it’s fully gutted, no water, electric etc, that’s all within the scope of a 203k. 

Purchase price: $205,000 Cash invested: $27,112 Bought for $205,000 in the Maine-Endwell school districtMonthly rent (pro forma with 3 month stabilization) $4,800Taxes: $9,238Insurance: $2,642Gas/electric: $0 Water/sewer: $2,451Total expenses: $14,280 I used a conventional 10% down.

FEMA rental Assistance covers the cost of monthly rent and essential utilities, gas, electric, water, trash, and sewer.

Document the condition thoroughly for future reference and estimates.If the property is of interest, it’s crucial to have professionals assess potential structural damage, electrical issues, or mold remediation costs.

A 1920s home with new plumbing, updated electric, and a new furnace might be in a better position than something from the 1990s.

They could afford their own 1-bdrm apartment, plus electric, heat, cable, snow-clearing, etc.

Try to take care of your necessary electrical work before you get to your marketing period.

My LTR income has provided the cashflow to quit my job as an electrical engineer.  

Additionally, you'll be making a lot of decisions on the plans today that will drastically affect the cost of your build later, so get a GC lined up now that you can run questions past like gas in the building or all electric, if it's a duplex how do I get away with no house meter for the electric so I only have two meters and not a house meter you have to pay for, etc.