Keep the thread updated and let me know how you proceed and how it turns out.   

In no certain order this is what we find matters most on a BRRRR appraisal as far as things you can control- outside curb appeal- remodeled kitchens, baths- Updated electrical and HVAC- a new roof if the current one is a big eye sore

Purchase price: $125,000 Cash invested: $85,000 Started off as a run down outdated 1 bedroom 1 bath home in Sanger - was purchased from a wholesaler for $125k - Added 1 full bedroom to the house, replaced wall heaters and window AC with HVAC ands ducting throughout - replaced old circuit breaker panel with new updated one and rewired interior electrical, replaced all windows with dual pane windows, replaced most of the doors, laid new carpeting in the bedrooms and wood plank flooring in the living room, tile in kitchen and bath, added new baseboards and painted interior, replaced all doors in the house, granite countertops, new lower cabinets, all new appliances, added rails to the front porch, converted an older closet into a laundry room / new closet, completely remodeled bathroom to make way for a new door to the new bedroom ( not shown in pics), new wall tile in tub/shower, redid some roofing, and painted the entire exterior.

Just an update...I've since found out that delayed financing is performed using the current value of the home.Which means, all the various forum results I've viewed, as well as other media, which were all saying that delayed financing is based on the purchase price of the property plus the closing costs, were technically correct...

Best of luck and keep us updated on your progress!

On the note of topics and code, depending on when the house was built if you replace the dry wall you lose grandfather status and will be required to update both the plumbing and electrical to modern standards.

I hop this works out and I will be keeping y’all updated!

Keep us updated if it works out for you.

UPDATE: still no word from "rental assistance" application is still pending. 

Update: I got advice from my lawyer and it goes like this.