They one, aren't familiar with completing 203k loans or two..simply don't want to be bothered with them because they are more paperwork.  

My father is a contractor so we will be able to complete most of the work ourselves while keeping costs low and add equity.

Quote from @Anthony French: I’m relatively new to real estate development, having completed only one fix-and-flip project.

Quote from @David Kanarek: As usual you are completely 100% wrong, and you know who disagrees with you?

Insurance for sure wouldn’t cover you.Just a thought and I could be completely wrong!

Meaning walking the home, seeing what needs to be done to get rent ready and completely managing it from start to finish?

If you want to develop it, I can refer you a lender that will lend on a completed subject to appraisal but you'll be limited if you just want it for the lot.If you simply want the land as part of your property, you have more options including a HELOC which you can still use for development down the road. 

In fact my last completed purchase (I am under contract now for a different purchase) was huge negative cash flow.  

Investment Info:Office Space commercial investment investment. 100's of completed projects, JC Beal Construction is nearly 100 years in business, Beal Properties manages well over 2000 doors all throughout Michigan and the Toledo, OH area.

Its gets indexed by search engines very quickly and all those search engines keep complete copies of everything they indeWe care about our users and future viewiers, which is why our policies exist.