We chose an offer price based on comparable properties in the area and offered a little bit over asking.How did you finance this deal?

I suspect this property is in Philadelphia based on where you pinned the post.

Meanwhile in 1st-world problem land...Judge Judy would not sympathize.   

I can learn how to put in meter bases and multiple circuit boxes in my building and learn how to do it, for a $500 consultation fee plus parts.

Hey Alison - You don't typically need proof of income for a fix and flip loan, they are more asset-based.

I am a lender that works with a lot of Canadian clients investing in the U.S. specifically Florida who are often comparing their Canadian bank with lending options based in the U.S.

It’s essential to recognize that all investments carry assumptions and risks, but informed decisions are based on historical data and trends.

Im happy to share any info I have based on my personal expierences along with my referl network.

You are obligated to provide the oldest verifiable operating statement (base year), which is adjusted into today's dollars (Using an LA City formula for inflation) and this is compared to your current year (yes with receipts, cancelled checks, bank statements, k1's etc), which can be significant. 

As others have said, these are typical land bank purchases where you buy a house and land and are required to do the renovation and it's always $100-$200k if they are offered from $1 - $5,000.