I will need to pay off the existing mortgage ($451k) with a construction loan; at most I can put in $180k toward the build but not sure if that is wise to put so much of my own money in.So far my best option seems to be to partner up with an experienced developer/builder who can put down cash towards the construction downpayment *and* qualify for a bank construction loan.

Originally posted by @Brian Garlington:@Michael Ohman   If you're going to BRRRRR you can still do it with a VA Loan.....But utilize the one that's called a US Department of Veterans Affairs Loan.....It's more designed for BRRRRRs   I was looking into a va loan recently, but I ended my job to take this backpacking trip so I don't believe I qualify anymore.

More to your specific questions though.....I own property both traditionally outside of retirement accounts and inside of SDIRAs and SOLO401Ks (better IF you qualify).  

The problem with that is home inspectors are not licensed contractors or electricians which is why in their inspection reports they always include the boiler plate clause recommending something be inspected by a qualified contractor, electrician, plumber etc.

Even though the owner may owe more than the property is worth, they might not qualify for a short sale.  

Who do you think is better qualified to provide a quote for a rehab?

You will need to get a few rehabs/flips under your belt to qualify for 85%+LTC / 90%+ rehab costs. 

I am originally from the East Coast, and hopefully can take whatever skills I learn here, and apply them back home whenever/IF I move back. 

Next and perhaps more importantly, when a buyer is not represented I have no idea if they are qualified and very often they are not.

For question two, I got pre-approved about 5 months ago for that loan - so I was thinking (all things consistent) I would be able to still qualify for it?