The deal seems off based on just the numbers but it never hurts to try, they can only say NO

We recommend very simple procedure for our clients in this situation and it works all the time without any problems. 

Quick question before I give advice -- based on the cost numbers ($28K purchase, $50K rehab, additional $15-20K rehab, plus any purchase/holding/selling costs), it appears that there's a good chance you're going to break even or lose money on this deal.Are you prepared to do that? 

Some possibilities MAY be redirecting water away from the structures, or jacking the structures up and building a base underneath, but most likely the property is in a flood zone and these would not be effective solutions.  

Although my company is not based in NY, we are both buyers and private lenders on lower $ ARV SFR properties throughout the U.S.Wishing you great success.

I am an experienced real estate broker based in the UAE for 13 years, working to market and sell UK investment developments and UAE residential developments to international clientele.

I already had built a small tech based startup since 2004, I know I can do things, and as much shame or regret dropping out might cause: its a risk I had to take. ...

I finally realized that I needed a very educational based company and decided to choose the company that offered what I was looking for.  

Wondering if anyone has any advice on banks that would lend in my situation--lending based on the equity in my home alone?

You either need to choose a property that will appreciate a lot or you need to force appreciation by buying a property that needs work at below market value if you want to reuse your original money.Conventional lenders are going to want 6 months of seasoning before you can get an appraisal based on the after repair value.