It's looking more and more like a construction loan is what we will go after.Regarding rezoning: That's not good news regarding the City Government and City Hall, but that's par for the course with NOLA.

As they don't like to take property from a homeowner. 8. 2 years of litigation was 25k ish. and of course no attorney is going to take this on contingent of success so you have to pay.9.

Of course, these instructions only matter when there is someone reading your email. 

Instead of selling them, you could get a line of credit or cash out refinance to put that capital into multiple LTR properties or a larger multifamily.

FTC, California DFPI Case Leads to Ban Against Operators of Mortgage Relief Scam Home Matters USA | Federal Trade CommissionOffering to buy their homes and "Save their credit" or "Save them from foreclosure" could innocently put you in the state or federal regulator's crosshairs.

I've never done this before so i know it's pretty crazy of me doing it in NYC for as my first but hey..Of course i'll be having a very experienced GC to do the work and also maybe as investor.I'm planning to purchase the property with 10% down as primary and was wondering what would be the next step regarding construction or FHA 203k Has anyone done a flip with a construction or FHA 203k loan and whats the experience?

With no debt and a 778 credit score.

@Mark Cotter I am a firm believer that San Diego is one of the best markets to invest and even though the data would confirm what I am saying for the past half century or so, I still recognize I am biased as I am a local investor with single family and multifamily properties locally and of course am in brokerage also.  

Will my credit be affected once the bank forecloses?

Of course, it has evolved since then into shorter stays.