Additionally, they should help with coordinating your home inspection and if needed, getting GCs to walk and get you an itemized bid as well!

The bank they are using with that offer is now saying my site prep bid came in way too high and not approving me (so far. still in process).

The latter would create mortgage rates issues, the former will eliminate a lot of fake demand and some material real demand in the housing market that is bid side.Mortgage rates higher + build costs higher(less labor + tariffs)= Kill demand.

@Kash Tacke I'm a big fan of ADU's in general especially here in the mid west, yes you could potentially be on the front of the wave, but housing density is the solution to the affordability issue, anytime you are investing with affordability in mind is a great strategy to me, and sound like there are some incentives or at least supporting winds form the local city, that in itself seems like it would be worth at least approaching an architect or contractor to bid up some plans or concepts to take tot he city.  

Still, I’d recommend vetting contractors thoroughly, getting multiple bids, and setting clear expectations upfront.

.- The 203(k) will allow you to bid on properties that need repairs that won't qualify for a traditional mortgage => less competition => better purchase price.You will need to find a great local contractor you can trust to supply the required bids to qualify for the 203(k).- After closing, you can do some of the work yourself to save money, but the program doesn't allow you to pay yourself.You will want to buy a Class B property, maybe Class C+, in an area that seems to be improving.

You can put out a bid and request to see who's available in the zip code you input.Hope this helps! 

That cost is for 17-18 piers - this was consistent between the 4 contractors we got bids form and we are waiting on a response from the engineer about how many he feels are necessary.  

Its a tiny loan for any institution.You'll have to get hard bids from a local GC, but maybe $110/ft?

By a professional estimate I mean having a contractor bid the work, not just me estimating the jobs.