If your repairs will be over 30k or require structural changes (removing walls or foundation repairs) you might be required to go with the Full which has some additional hurdles in such as requiring the use of and FHA 203k consultant, and a General Contractor, as well as Architectural drawings.

Does anyone take in consideration weather/natural disasters when investing out of state (ie tornados, hurricanes, earthquakes etc)  or is it "I have insurance who cares" mentality? 

Not surprisingly, the average days on market was considerable...

I'm doing a two car garage conversion into an apartment, all of the zoning is there, I'm wondering if I have to hire a contractor or an engineer/architect to do all of the drawings i.e.

Then after 6 months draw out the 70% ARV to pay him off and have more of a conventional mortgage.

My designer is able to have a rough drawing of the place completed by the time we leave the house and with a measuring tape we can get all of the dimensions easily.

The way my attorney is drawing the land contract is writing 2 separate payments.

IF you have a class A property you will be renting to singles, young professionals etcYou will probably have more tenant turnover, but there are a LOT of young millennials looking for urban living in places like Lower GReenville, or Uptown or Knox Henderson etc.I think your biggest considerations are property taxes, rental regulations and do the numbers work. 

An exception would be where there has been storm damage necessitating a roof replacement so that negates the age of house consideration.

In addition, he hired an architect to do engineered drawings, as it was required for the after-the-fact permits and apparently he did not pay him, as this architect has started the process of putting a construction lien on the house.