You can 100% use an FHA-203k renovation loan on multi-unit properties up to 4 units. 

Contractors play such a huge role in real estate projects.

Lots of investors simply want to go "bold" on all of their projects by using sharp color contrasts, busy tiles that catch your attention, and modern lighting that looks like it belongs in a hotel.

Hi Ursula,Even though this post is a few months old, I thought I’d chime in just in case you’re still working through this or for future projects.

General Contractor - Look for someone experienced in renovating older structures common in Baltimore.

More than likely the PM wasn't aware of the costs as most PM's don't understand project management.

This is the biggest part of the project.

U need to flip the return  75% to the money and 25% to you if have any hope of finding someone to do this that is not friends and family.. 10 to 15% is way to little for the risk of being a gap funder.. if the project does not work gap funder is the one who loses money..

Nearly two years ago, I purchased a single-family home in River Forest, USA, which required extensive renovations.

Best wishes on this project Thanks man!