Our goal is a 4 week turnaround.Purchase Price $67.5k, (approved short sale)ARV $135k.  

And Rehab Costs would be the cost to tear down and construct the new property, including all hard and soft costs that aren't factored into the Fixed Costs.For example, if I have a house that I can tear down and rebuild a 2000 sf property that would sell for $400K; it would cost $100/sf to tear down and rebuild; I'd have $50K in Fixed Costs; and I'd want a 20% profit on the resale price ($80K), my max purchase price for the tear down would be:MPP = $400K - $50K - $80K - $200K = $70KKeep in mind that the rehab costs must account for all of the following:- Site Planning- Zoning Approvals- Utility Installation- Permits/Impact Fees- Environmental Studies- Etc...If these costs aren't factored into the per-square-foot construction costs, you need to factor them in separately. 

Also, if I plan to invest some of my own money, and I want to get pre approved, are there separate pre-approval processes for buying an investment property (multifamily) vs a single family home?

@Nathan PaisleyJust realized the mention feature doesn't work on the mobile version.

Which stages need to be approved by the bank203k streamline and 203k "regular" are quite different in their requirements.

We were approved for a HELOC in 2 days.

Am I understanding the Florida Statute correctly that if I buy a mobile home where I pay monthly lot rent, I am locked into a one year rental agreement?  

I've never dabbled I'm converting business mobiles to residentialManufactured properties aren't built to code and in the same fashion as a stick built house.

I know of a mobile home that wasn't selling well and it was a matter of wording.

We like the fha loan because of the 3% down payment, but I don't mind looking at something cheaper that needs some cosmetic work, but the banker is saying that we won't get approved if the property needs work...I'm confused