No matter how well maintained, the quality of being brand new no longer exists once it has been lived in.

I think it's rude frankly as this website is supposed to be a helping, friendly community. 

So your gain would be 600k - 500k. 

A DSCR product is what you are looking for.DSCR simply doesn't take into account your personal income, instead we qualify the loan on the properties rental income (or projected rental income).Your credit, properties cashflow, loan to value & prepayment penalty are going to be the main determinants on what this loan looks like for you.

Thinking of selling after a while  or will it be Buy and Hold?

My constraints are that I am only 24 and do not have any previous lending history nearly to this capacity, as well as having limited knowledge on how to structure these deals with subdivisions.

. $150 a month for insurance (this might be low?).

My main strategy that I will be focusing on is fix n flip but also open to any opportunity that is presented.Big things are ahead! 

Or maybe a great real estate lawyer that might be able to assist?  

Ask about Origination Fees - A good, well-capitalized DSCR lender shouldn't be charging more than 2 points, assuming the loan amount isn't too low.