The renovator mentioned the house is in poor condition, requiring a ground-up renovation, which would demand additional funding.I’d greatly appreciate your insights and advice on this matter.

So at least for me pre approval letters are easy and only requires that I request one.Are you trying to show you can make an all cash offer? 

Does this number require you to sell more to achieve a split which is more favorable to you vs them?

Whether they have a problem or not, building in an area like that requires some different considerations.  

Zoning should not be too much of an issues, but uses may alter parking requirements. 

If you require assistance in Lexington, that's my expertise, and furnished rentals are consistently sought after here.

In places where I provide utilities I must provide within the temperature range the state requires but I don't need to let tenants control the thermostat whereas if they pay utilities they must have control. 

The lender selection is vital to a successful 203k and they area also required to select the 203k Consultant.

She will get each beneficiary to sign off on allowing this to happen, lessening their inheritance cash-wise but keeping the family in a home.My idea is that the trustee daughter could purchase the home, but could do so instead through a sort of owner-financing where the Trust finances the asset to her directly rather than buying it in full at great cost and taking out a mortgage on an already paid for property:- Property is in Trust and is fully paid off,- Trust finances the property to Trustee for closer to market value, and payment can still be set at 1500- No/less down payment required- Any interest rate, maybe 0- Tenant family makes rent payment of 1500, which pays off the property and pays into Trust- Beneficiaries' % share accrues gradually as payments are made- Set future balloon payment if necessary (if Balance required at a certain time, for college, etc.)This would decrease the out-of-pocket cost for the Trustee purchaser, and increase the amount that each beneficiary will receive (eventually).I have no Trust experience, though, and I'm hoping to hear from the experts.

also shivani these days the way I do it is I checked the inspection report and I would categorize it, will it require 30k-50k rehab, is it 75k-100k project ?