Lots of old houses were built before codes were enforced so we see lots of things like missing headers or strange methods for hanging joists or cut out structural elements for heating ducts and things. 

Maybe I do a HELOC so I can use a portion of my equity and start with something local to cut my teeth on the process over the next 6 months and then plan to use more equity later to get a property in a remote location.

They are great but that cuts into a lot of cash I need for the deals. 

That will cut into the profits significantly. 

If you're not a builder don't cut your teeth on this one. 

You can cut costs on a lot of things, but I wouldn't recommend it for this. 

They both are a done deal they have already made the curb cuts for the hospital and have sent out flyers to local residents asking their opinion on what the front of the hospital should look like in the hotel has been confirmed as well.

@Nathan G, that was a cut and right reply!

But with my limited knowledge, I figured I could cut out the wholesalers to meet my numbers.

For most STNL lenders for high quality loans the cut-off is 7 to 8 years remaining on the primary lease term.