The 203k is a great option if you are going to be living there and while what @Travis Sperr said is true about the loan amount it sounds more like the banker just doesn't have the product in his arsenal.  

This is what makes it a portfolio product.  

If you can put down 10k, consider a dIfferent loan product.3.

So what do you guys think, I don't want to be carrying another property for 30 years with an FHA and private money rehab, but would offering the finished product as lease option be an attractive exit to any of you guys?

@Robert ShockleyWelcome to the site.This site has been a great revenue source for my business.If you stick with a marketing plan and have a quality product to offer money can be made here,What is it that you have to offer the members of the community?

I like to use smaller bushes, shrubs, or flowers in the front so that potential buyers can see more of my finished product on the first pass by.

We use this funny green stuff that has preprinted numbers, like 20, 50 and 100.

If I own Apple and some Apple product blows up in someones hand... that person could come directly to me as the owner and try to take everything I have if the business protections are not set in place as they should be.  

There are a lot of gotcha's with this type of product.

I also ask them not to use products like Draino.