I'm a newbie on this site.I'm so glad I found a forum on this level of wealth of knowledge in real estate investing.I orginally started as a Real Estate Investor playing in the area of Wholesale, Note-Buying, Hold and Flip, who later started originating loans.

Median level 3-2 homes in my area sell for around 100k.

The MLS method is talking about works great, Direct Mailers have brought me some great success, you can also go to the court house steps auctions and hand out your business cards to the guys there and let them know what you are looking for and if their investor buys one of the fixer uppers by accident because they are typically site unseen that you are more than happy to take it off there hands, this works well and is another way to out source.

That is a felony in New York and at the Federal level.

Base your level of finish (basic, standard, designer, or custom) on the neighborhood norm.

Land use (mixed commercial/residential) - ARV. 125k to 132k - home built 1910 (2 story bungalo style, split level) Can someone explain to me a transactional funding?

Much more cost effective that way and like others have mentioned on this thread- people don't expect a bathroom on the upper floor of a bungalow around here.

I'd really be curious as to how other investors would perceive a house with that level flood risk.

It has the 4 upper 2/1 unit's rented with the 2 lower 1/1 unit's vacant.The reason for the 2 vacancy's, is a Multi Family Parking Ordinance that states, "One parking space for each unit and an additional space for each bedroom".

More of a slight increase followed by leveling after spring rolls in.