As long as you intend on occupying the home as your primary residence( at least initially) , you can obtain new FHA financing.

The risk is they could fire you tomorrow or sell the company to someone with a much different vision. 2.There has to be those who fill other roles as well, whether it's a hard money lender, private lender, or even a valued employee. 3.I think it’s prudent to do due diligence on any idea or venture however, if you focus on only the negatives then you’ll never start anything. 4.While having the knowledge needed and wanting to obtain more is great, one can also fall into the state of paralysis by analysis.

I agree with Dion, I'd not enter into a JV with others, your entire operation could be at risk arising from a few bad apples and in the wholesale, most lack experience and knowledge, if they were more "on top" of RE, they wouldn't be wholesaling deals but buying and selling and doing retail transactions to obtain a higher prices and profits.

Self-certification to see the deal is one thing, but actually taking these dollars into the deal heightens the risk not only for the promoter and the site, but also for the other investors in the deal.

I was expecting it to be simple patch work but it requires either capping stairs or replacing them fully which is a bit more than I was budgeting for.I need the permits before I'm willing to close so I'm not stuck with a bunch of other unexpected cost to obtain occupancy permits and paying for repairs before closing is a bad idea based on previous posts and everyone else I spoken to.

With that in mind, I am worried that once I rehab my building I will be unable to obtain an ARV that I need to refinance out of my hard money loan.Any suggestions on how to approach this deal?

Your ability to obtain cash.

I have a nice little 2 bedroom , all done new paint etc ,all that was left was the lead paint certificate .

Transactional funding simply provides funds to purchase in cases where good funds are required in double closings, I buy a property n REO, I need cash, after I buy I immediately sell to another buyer obtaining their money which pays off my loan to the transactional lender.If we get off in lending, we really need another thread as other readers will never find the lending discussions under this title. :)

So the idea of the 'cleanest' disposition here is a short sale not purchasing the note to obtain a lieu deed.