I have never done construction from the ground up but I've done lots of renovations and know lots of people.  

If you can't swing moving in then I would look to get private money for the renovations.

The home is one owner since 1955 with minimal renovations so will make for a drastic change. 

You get a step up in basis of 15%At the 10 year mark and new appreciation that has been generated within/from your new op zone property that you renovated is wiped away tax free. 

Currently in the process of renovating this home, but with plans of future purchases, I have been thinking I need to get with an accountant to make sure I'm on track financially and to maximize my taxes. 

I live in Southern California and am investing currently in Indianapolis with growing interest in Kenosha, WI (Family ties).I'm currently in the renovation phase of my first BRRR duplex in Indianapolis, IN and a few weeks from the purchase of a 4plex BRRR in the same area.Looking forward to learning from the community as well as the obvious networking opportunities.

Are there other products with similar specs (covering the renovation/build)?

I want to know from other investors, especially ones that work with wholesalers, if what I am planning on providing investors is overkill.Once I have a signed PSA, I plan on:paying for a title check (to make sure the title doesn't have any unexpected liens)scheduling a home inspectionhaving a general contractor provide a renovation estimate (labor & materials) for both a fix-n-flip and a rental renovationAn ARV appraisalI am planning on compiling all of this information, along with a copy of the PSA, a full RentFax report, pictures of the property, and a video walk-thru into an "investor packet" that will be emailed to my investor list.

Jerome Ave rezoning was just approved a month ago or so and word has it the Kingsbridge Armory renovation is about to be approved as well. 2 familys are great bc the bronx still have relatively low prices compared to the rest of NYC but rents are still HIGH so if you have a rented unit....the monthly mortgage burden is not that bad. we bought our house for 390k 3 years ago and in total we needed about 17k cash from offer to closing. the vast majority of that was just the 3.5 down payment. i negotiated to have the seller pay our closing costs and again no real estate agents were used. best of luck in your search. 

Be aware that the new tax code restricts the use of the money to real estate related uses, like renovation, buying other real estates, etc.