High velocity is similar to traditional central air system, but the 'ducks' are 2 inch holes that are put in the floor/ceiling.Class B.

This arrangement came from what I guess you would call a non traditional mortgage lender since the lender I spoke to at Veterans United told me to pack sand, but more verbosely.

So you'd have to use hard money, and have a few options from there...Carry the costs of hard money until you sell it.Refinance out of the hard money and into nice 30 year fixed financing after you've made it a complete home that a traditional mortgage lender could lend on.Refinance into renovation financing, starting that process the day after you close, to essentially finance the costs of what it'll take to make it a complete home.

Also Annello Home Inspection, Chris Annello is a former contractor so he knows about repair work and he was an expert witness in the Chinese drywall cases.

(Which goes against traditional thinking) But Grant has taught me that this way of thinking put a limit on my potential.

The contribution to a traditional IRA may or may not be fully deductible depending on the contributor's income and whether or not he is covered by an employer-sponsored retirement plan.

You can't get a traditional mortgage with a LLC, only a commercial loan

Traditional home owner's insurance isn't always comfortable with the new liabilities that comes with rental properties so their coverage will likely be less and the policy may end up being more. 

Bridge lenders would look at this more openly than a traditional bank.

If it's a traditional lender (bank) the property will have to be livable.