Ideally FHA wants to know that everything in the home is functional and safe, with major structural components (foundation/roof) in good repair.

My place is quiet, safe 10 minute walk to the hospital that seems like it would be ideal for nurses.

However, not knowing the exact reason/s that may have influenced the seller's final decision, our guess is that it was more than likely due to rooftop units well beyond their statistical life cycle, their reliance upon R-22 refrigerant currently being phased out of the industry not to mention two rooftop units with suspect heat exchangers accompanied by elevated levels of CO in flue gas creating a potential liability that could end up in a law suit.

To add to all this the cost of construction is going to force a number of recently launched projects that are 2 years in that didn't break ground yet to follow suit..

The ideal situation would be to get a loan that allows me to put 10% or less.

Ideal price to acquire would be 1.7m, net profit of $156,000 per year.

That would be ideal if you have equity in the property, which exists if there is a difference between your loan balance and your property value.

IDeally, I am looking to implement the BRRRR strategy, or some similar variation. 

Obviously I cant really do much right now due to the pandemic so I am researching but I have a few questions regarding the financing: Ideally I will use hard money for the acquisition and rehab and then go to a bank for the refi.

Ideally the RE also appreciates, but value achieved via appreciation is not real simple to access (i.e.