Couple of key points that really separate the 203k from other products include: - ability to finance up to 6 months of mortgage payments while the renovation is being completed if the whole is listed as uninhabitable by the HUD consultant. 

You want to get in at a good price and develop a great product through your rehab.

Furthermore, if the seller or buyer were to come after anyone I would be liable, I wouldn't be properly protected, put my company at risk, and Zip forms are proprietary documents with an intended use, and the California Association of Realtors could come down on me for improperly using their documents.

A new HVAC system properly installed & maintained should last around 15 years.

You're busy, "cheap" midwest houses are not what you want, invest in quality product (A/B neighborhoods), this will reduce your risk.

In the future, refusing to move something should be a red flag, and if you cannto properly inspect something, just factor full replacement cost into your price.

@Shanae Williams have a game plan for your rehab timeline and exit strategy and follow it strictly.A lot of people buy their first house as an "eventual investment property," get comfortable, end up staying there for years and never make it a rental property like they initially intended.Great idea if executed properly.

Seems to be a great idea if properly managed.

I'm still trying to learn the proper way to research market.Originally posted by @Ryan Cox:@Jason Ma  Good question! 

So that *could* change what kind of loan product you need.2.)