You wouldn't be financing the reno money, but as long as it could still appraise for $440k, you would be able to use the money saved from the lower down payment to go towards the reno.While I am definitely able apply for a convention loan, as a touring musician during COVID and one that writes off much of my income through my corporation, my tax returns leave me out of the running for a decent conventional loan.

Also, applied for a LOMO to get it out of flood zone.

When tenants can't pay the rent they can try to get a job, apply for welfare, apply for rent relief, go see the priest, or whatever.I run several businesses in California and I try to make believe that I am a manager who is working for a corporation in New York and I have to answer to that corporation for reasons e.g. why I made personal decisions to let tenants get away without paying their rent when I had the option to hire an attorney to evict the tenants.I own several fairly large apartment buildings and every tenant paid their rent on-time since COVID started with the exception of one 65-year old woman who lives in a studio and her rent is $1250.

All of the tools, deals and many education, network, forum matters are country-dependent and so not applying to us.

With one of the units being empty, we were able to update the kitchen, bathroom and apply a better paint scheme.By doing this we were able to secure a tenant @ $700 a month and now we are renting each unit @ $750.

However, be advised that tenants can and do claim that covid has affected them and if other states are anything like oregon once they do this and once they apply for funding you can not evict them or end their lease. 

I am aware will need to apply for building permits etc but are any of these houses considered historic? 

So go crazy and apply with different lenders to get the best interest.

A notarized letter of authorization is required if a person other than the owner applies for registration.

When you apply to take it there is a section that asks your experience.