Based on what you're telling us, you may be good to go with qualifying for an FHA loan.

Just wanted some insight based on above discussion.

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We're based in the Bay Area and looking to volunteer for anyone working on wholesaling.If you’re in the Bay Area and could use an extra pair of hands on your next wholesaling deal, let’s connect!

Based on what you described you will be incurring significant expenses renovating the building.

Is it best to pick the location based on ROI, or is there other important factors that a newbie may overlook?

This question is pretty important right now since PPP only loans based of schedule c. 

I’d like to touch base with someone in the field as I have some questions as it pertains to the job itself and what any similarities/differences to a PA building code inspector might be.Any help or pointing in the right direction is greatly appreciated!

.- Small notes section to elaborate on property calculations, such as noting the calculation was based on a loan assumption or short term real estate strategy - Ability to edit name of calculation to something other than the address.

Since this isn’t a “fixer,” and you’re going the FHA route, you’d have to go out-of-pocket for the remodel/upgrades or get a construction loan based off the ARV, which is generally going to require 25-30% down unless you go with private money, which will have much higher interest.I see it’s pending, so maybe you got it under contract, but if not, I know you can find a good deal out there, even if it’s a smaller starting point.