However, since this would be an investment property (held for 1 year or less), ARS 32-1121(A)(6) requires all work be performed by licensed contractors if the cost of material and labor is $1,000 or more.

In Florida a big alligator on Real estate can be the insurance costs, and roof replacements.

Low cost, surprisingly beautiful home for the money.

I estimate construction costs, create plan sheets, and project manage for my every day job.

Start by talking to a bank or whoever you plan on getting the loan from to find out how much you can borrow and what the costs are associated with that.

This seems about right for the scenario, yes Non QM and DSCR can have slightly higher rates but if the benefits of the product outweigh the cost, you've got your answer as to if the value is worth it.

I work with a company that does tax appeals at no cost unless we win. 

Welcome @Hogan Chouinard,Memphis is a city with a strong workforce that offers low-cost entry and provides consistent cash flow to investors.

Short answer, redemption includes the VALUE (not the cost) of post-foreclosure improvements, no matter who made them.

Site development costs can very submarket by submarket.