Excited to learn if this could be a viable direction to explore and grateful for any advice or help anyone can offer for how to get started.

We went into this investment and ran our numbers based on a 4 bed/2 bath.

Wholesaling is doable outside the market but you will have a hard time knowing what to offer and selling deals.

You'll have to find an answer based on zoning, demand, and your ability to control the appearance of the additional improvements - you don't want to create a junk yard behind your triplex!

One topic I think would be interesting to address is showing data demonstrating the average insurance coverage limits based on home value.

The most expensive cost for me was the holding time and the stress of possibly raising the house by a foot from the Base Flood Elevation.   

Complex setups don't offer much protection for most people. 

The deal was valued based on a recent sale of the local Holiday Inn, (only real competition for us) which also needed to undergo renovation.

Hello Brandon Sisco, finding the best lender for a 90% loan-to-value (LTV) mortgage based on bank statements can be challenging, as these loans are often geared towards self-employed borrowers who might not have traditional income documentation. 

To get the underwriting based on solely a new appraisal, you'll need a ton of evidence - enough to convince an underwriter or risk officer who gets to make the call purely on internal company policy and not tied to conventional or govt published guidelines.All this being said, if you're already at a 1.0x with the current appraisal for the loan amount you want, going to 1.1x or 1.25x would only be marginally beneficial unless your lender wants 1.25x for some reason. 1.0x is generally enough to fund for most investors at or below 70-75% LTV.