You could use the standard inspection addendum even if you have a different PSA, but title co's are more familiar with the boilerplate realtors use obviously.I use the standard one here in WA and just cross out and initial 'not' in the Not Assignable clause.  

Great work @Brian Pulaski, thanks for sharing your success for it cannot be counted as a failure so long as lessons were learned and more information was gleaned for the next job!!! 

Inventory is still super low across the board, so I look at whatever crosses my desk - There's demand for pretty much everything; but starter homes are especially hot. 

I'm looking to be creative and maximize my return without " crossing the line" so to speak.

Or does it count only as one of the two annual trips to inspect your property?

We talk about FHA+MFR for countless hours each year, but I can count on one hand the number of these I actually do in that same given year in SoCal / Bay Area (eg, excluding rural California).And for that handful, it's typically a slightly different formula:[ FHA + Off Market + Discounted Price + 2-4 unit = win ]Ain't nothing I can do as a mortgage guy to make FHA not FHA except give you pragmatic advice.

First, I would say don't count out any strategy.

For example, if I took out a personal loan to use on said project, would that count as money in the deal or no?

@TJ Spence I'm in Pittsburgh and starting to take the steps toward real estate investing in the second half of my life (expecting to live to 100 (finger crossed)).

That's why many vacation homeowners hold down leisure use and spend lots of time "maintaining" the property; fix-up days don't count as personal use.