I'm a veteran and know there is a program similar to a 203k but don't have the fine details yet. 

You say nothing about estimated reserves or property management.

Hello @Sheldon Peart  If you need financing to purchase a residential property with 5 doors, you will need to get a commercial mortgage. 4 key factors affect the value of your home: Location of your homeSize, age, and condition of your property, including any renovations or updatesThe housing marketThe economy and interest ratesHere are 2 ways to help you estimate the value of your home:Talk to real estate agents – They may estimate its value for free and should be able to tell you what other homes in your area have sold for.Pay an appraiser 

As I mentioned, if interested, I can share with you all the "paper trail" of our last flip - contracts, waivers, estimates, tracking, SOW, contractor packages, timesheets, etc. - stuff to help you in your rehab project.

Author of estimating rehabbing expenses??

They are going to underestimate repair costs and over estimate ARV, because it suits their best interests. 

We got a few quotes from the various masonry companies its about $1,000 on average to fix, the chimney is structural sound and these estimates are to remove it completely..

Hello Everyone: We have 9 Properties in Los Angeles, CA where the total value - (Estimated here - not appraised value) is around $40 million. 

It is probably closer than your estimates. 

Make it at least appear like you did a detailed analysis.