@David CrewsRun the numbers and start looking for conventional financing for this type of project. 

After the rehabilitation, I was able to refinance the house with a lower interest rate and use the equity to go from a FHA loan to a conventional loan.

Should have been a red flag if they mailed you paper copies :)Don't worry, once you establish these digital updates, you've increased the value by 20%

Conventional How did you add value to the deal?

You will need 20% down and the rate will be higher than conventical but its the price you pay for us not to look to deep into your situation.

(but not zoned for) Property is currently offered at 750k , a property right beside almost identical was sold for 725k on conventional mortgage and it was initially offered for 769k. (5.72% decreased on a conventional mortgage that took almost 4 weeks from pending to sold).So based on this data I have estimated(not exact science) that I could give a lowball cash offer for 550k(maybe w/ some luck) but with some room to go up to 635K (which is a 14% decrease on the listing price and hoping to close fast with a cash offer) 70% of $900k is only $630k, which would be the max you could refi. 

There is a limit of 10 conventional mortgages.

To qualify for conventional financing you need to affirm that you will live in the property.

The Condo I got a conventional loan with 20% down.

Hey all,My name is Patrick and I'm a digital marketer located in Boston, MA (from New Hampshire originally).