Home features 2050 sq ftm 3/2/2 with a over 500 sq ft basement and a 24x24 shop.

In my market, people don't really care about a modern bathroom (rather low rents).I typically only touch-up bathrooms (paint, new fixtures or toilet if needed - and by needed I mean if the fixture or toilet is wasting water). 

I know I could get an FHA loan which would make my 50k more than enough to close on a typical 500k property (that seems to be about the average for a small multi in my area), but I have also learned that due to the high level of competition, sellers don't typically like working with FHA buyers due to the high standards and inspections that come with it. 

This is because traditional banks/lenders are going to go off the income you report to the IRS, which especially for small business is typically really low after expenses/write-offs (investors often run into these issues as well after investment property write-offs).

Welcome to BP, we have quite a few local meetups in Broward typically advertised in events page, please attend & introduce yourself.

Those properties are typically going to be top of the market.  

The comps and the neighborhood have to support it also but I totally could have done a typical flip and made a generous profit as any flipper would but I couldn't live with the quality that it presented itself.

Typically, mortgage lenders/brokers which are people who get you that mortgage will charge slightly more interest than competing established credit unions.

It tends to be  significantly more than a typical cost estimate for a sub It is always a good rule of thumb to judge rehab costs by if they have to come out and handle the scope of work or for lack of a better word everytime "they touch" the work your costs go up. 

It’s just like any other sale only they will scrutinize your preapproval more than a typical seller.