I mostly have construction experience but I do have some real estate background.  

Plus, unless you get a construction loan (which might have a higher down payment requirement), you will also need to fund the costs of the repairs.In addition, I don't know how handy you and your H are, but those kinds of skills would be really helpful.Flipping can be tough. 

Last week I had a new construction and the buyer went through quicken.. these guys were horrid took an extra 8 days to close because of their rules.. if they used a local lender they would have been in the home a week earlier.. and they were camped in a hotel.. and whinning like crazy that we the builder were at fault when it was their lender LOL.Account Closed  I think you taking the contingencies comment a little out of context.

I am 59 years old and have quite a bit of construction experience and some real estate background.  

I guess they don't just look at the cash flow only, they want a significant personal guarantee and 100k wasn't enough.They do a lot of construction loans for commercial.

Don't rush to a take any deals and make sure you rehab or construction costs are as low as possible.

The really interesting thing to me is in my experience as a building inspector for two decades and a drywall installer and all around construction type for many years prior to that I never encountered the subject....  

You may be very right that the building was a boarding house of some sort, as 75 years ago, lots of construction was going on in the St.

I don't mind light rehab work, but nothing too serious as I don't have a great amount of time nor extensive construction experience to put into projects.

One of my friends did a new mixed-use construction in the area and he is happy with it.