This info will help me negotiate with the seller and help me decide if this is a project that I want to pursue.

The CMA of the property would be around 430k-450k looking at recently flips homes close to the property (not counting the extra 400 sq). we talked to other investors and came with a rehab cost of 50k give or take, again this is our first work so we might be off by more than we would like to. the Owner of the house seems more than willing than to finance the project 100% by either using his business credit or even taking a HELOC on the property we are flipping.

We currently have two mixed use construction projects going on, a 4 plex we are renovating and close to 100 units we control/manage as well in the city.

Please inbox me for our website/info please feel free to give me a call and I may can help you with your project and we can help with your flip and ideas at a reasonable cost. 

Now that I'm doing it full time, the need to be more organized with costs, contractor and materials scheduling etc. has become apparent.What software are you using to project manage your rehabs/flips?

The biggest challenge I faced when I got started was finding a good GC & handyman, which threw off all my projections.

If you use the projected rental income to qualify,  there are a couple of requirements.  

Both VA & FHA only count 75% of the projected rental income from the unit(s) you aren't occupying towards your DTI qualification.  

That does sound like a pretty massive job though.

Our new home and a vacation rental on Hutchinson Island are all in the direct path of this massive storm.