Does your GC know that you are unhappy with the work and progress?

This way they can do the leg work and make some wholesaling deals and you can focus on the part you want to do.

But I'd imagine you guys outsource most of that work - and I'm just up the road in Westminster.  

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The idea would be that I run it, refurbish as I go (needs lots of work) and eventually take over.

Well after doing some pencil work and getting estimates from local contractors $50k, it became apparent that I was going to lose my ( you know what on this one). 

In the past I've taken the "free" title work and title insurance offered by the seller (Fannie Mae).  

Then the title company handle the rest of the paper work. And

The types of improvements that borrowers may make using Section 203(k) financing include: structural alterations and reconstruction modernization and improvements to the home's functionelimination of health and safety hazardschanges that improve appearance and eliminate obsolescencereconditioning or replacing plumbing; installing a well and/or septic systemadding or replacing roofing, gutters, and downspoutsadding or replacing floors and/or floor treatmentsmajor landscape work and site improvementsenhancing accessibility for a disabled personmaking energy conservation improvementsHUD requires that properties financed under this program meet certain basic energy efficiency and structural standards.For more information visit: HUD PortalHope this helps!

So for you to do your business, work and flip houses will definitely be a challenge.