As long as it will pass an appraisal and not be "Subject to" major issues you can get a renovation or personal loan for work.Unless you are cash fluid and can add some cash back into the property and then pull back out on the ARV refinance.

Seems like finding out if the person hiring them has the right to sell a property should be step 1?

I'm personally not a fan of no cash flow.  

. 🤷🏽‍♀️ Im not the only person that has this issue.

Has anyone done this before/how is this typically structured, is there a standard amount?

I have maps and basically every address that is legally zoned memorized in the County (except NSB), @Cory Cannon, Daytona is definitely enforcing, many that you see in city of Daytona are condos or just haven't got hit with the fine yet...IMO not worth the risk in city of Daytona at all...unincorporated Volusia maybe but I personally know at least 15 of those that got in trouble too. 

If you can't keep control of your personal finances, you are highly unlikely to succeed in real estate investing.

Hi Jide,I personally invest in SFRs and prefer those over multi-units. 

I would appreciate any information.I'm not sure how much should I trust the RE person, it's in his interest to sell me the place.

I personally have never bought any of Ron Legrand's courses nor attended any of his boot camps.