Well it sounds like a traditional eviction situation.  

Also, taping and mudding requires skill and experience, so even your estimate for replacing the ceiling, taping, mudding, insulation, exhaust fan multiplied by 2 rooms is underestimated.

While I have made several traditional investments in real estate in the past, I would like to learn about more creative ways of investing in real estate - such as flipping, buying with little or no money, short term lending, etc.

@Monte Mabry If you are buying a property using traditional lender, then yes.

Here is the scenario:The project has gone on twice as long as expected, therefore holding costs have been twice as much.The project is maxed out for 203k limit for a 3 unit - meaning nothing more could be borrowed on it at the time, regardless of DTITo close out the 203k, the property has to go through final inspection with the cityTo go through final inspection with the city, we need about $40k of additional work (including new 1.5" water service)The property is not performing, so the banks see my DTI at the moment as very, very high - too high to get traditional financing, almost any way you cut it (HELOC, etc.).

I have extensive experience in traditional and digital marketing and branding.

Say your market all of a sudden wants tradition homes and you made yours too modern and it sits.

If its an industrial building traditional "retail" uses likely wont be allowed and similarly if its a retail building chances are good that most industrial uses wont be allowed.

If I can acquire traditional financing on multiple properties then I would have no reason to go through a portfolio lender..?

I'm not intending to use my license in the conventional sense (becoming a traditional 'realtor').I am hoping to do the majority (if not all) of the coursework online.