He assists many of my clients in this area is very investor-minded

It's not a 203k requirement that the home be in unlivable condition, but odds are the listing agent is going to tell their client to throw your offer in the trash if the home CAN be purchased with a vanilla normal non-reno loan.

I've bought and sold several homes in Arlington for myself and for clients and am also a realtor here.

What I wrote above does not create an attorney/client relationship between us.

This area is hot for acreages and she has two clients currently looking and has floated the idea of selling "as-is" on contract through a private listing with her office.

She is an investor and has an array of investor clients so she knows the market and trends well.

@Ryan HoranI have had many clients use this route of financing their investment properties.

My clients are open to going with another lender who is more out of country friendly!

The actual margins are largely going to depend on the level of finish that your client intends to complete relative to comps - no need to put luxury finish in an area where the attention to detail may not be as well-appreciated and vice versa. 

One of my clients is purchasing a mobile home on 2-acres leased for $750/mo and the tenants want to stay indefinitely.