I have been in the construction business since I  was 17.  

If these were easy, everyone would be snatching these up, just think about it :)  Finally, just knowing and being apart of hundreds of 203k transactions for our private client construction business, this is not a forgiving loan and encountering large challenges with the purchase, may influence your opinion of the simplicity of the 203k, if you intend on using a 203k, perhaps seek something that requires more work and remove yourself from this short sale.

We have done JVs, partnerships, have a network of private investors, pay cash for properties, have a successful history with construction lending, and great credit.

This probably isn't newer construction (post 1995), so my experience leads me to believe that a $15k rehab is probably not realistic OR that more work is required than proposed in order to get the $120k ARV.If it's the Castleton house, I think you've left off money for updating the landscaping, updating light fixtures, redoing the basement, kitchen appliances, etc.  

reason being, ive only owned my construction business for 1 yr, banks require 2 years of returns and Im using my brother as a co-borrower just for securing financing.  

Regardless of that I got into construction.  

I am 59 years old and have plenty of construction and some real estate experience.  

A-properties are the most recently constructed units, those that contain top amenities, require low maintenance, and are inhabited by young white-collar workers.

This dehu should be placed as near to the center of the structure as possible and left on until all construction mtrls moisture content reaches 14% or much less.

I am 59 years old and I have been in the construction business since I was 17.