From there, you could take a line of credit or be refinancing to pull cash out and then really come up with a plan for that cash to multiply it through flipping, buying, rehabbing and raising rents, etc. 

If you give a profit and loss statement that looks in line with income and expenses and the tax return is completed per that statement, who is at fault?

If you could give specifics of the building (layout, e.g. 5 room 2 bed) and pricing desired I might be able to provide you with more constructive opinions. 

There is some type of gray line here which I'm toying with but, basically, it means that it needs to have running water, electricity, cabinets, sinks, shower, toilet.

We are exploring a construction Loan and home equity line of credit.

We are exploring a construction Loan and home equity line of credit.

lol. no such thing. no line item pricing, only scope of work with lumpsum price, not gonna work, slim to no chance of getting a recourse/money back.

When it fell, it took out the power lines and broke the water line below it.  

I hope to have a few days in Oct to get there and meet some folks that can do the work but last time I tried this in July, I had 5 GCs lined up to meet me over a 2 day time span I was in the atea and none of them showed up wasting my time and ultimately stalling the projects.  

Even before lining up money and all that.