It combines personal finance by taking psychology and behavior into account. 

You can also do a combination of the two.$250 Non-refundable fee:  This appears to be a general fee at move-in. 

I would find a private money lender or a cash partner, combine our resources, and purchase a solid value add property with good cash flow potential.  

The purchase price, combined with the low downpayment, will make it impossible to have positive cashflow unless you can get significantly more I rent that you have proposed.How do you plan on BRRRRing in this situation?

My question is, am I able to combine the two?

But to answer your question, it’s a combination of your engineer/architect and the city building department. 

This being said, most HM lenders will usually only lend up to 70%-75% of the ARV (both asking price and rehab budget combined), have you put some analysis into what your property would be worth after repair? 

On the other hand, you could buy this with a combination of institutional financing and Owner carry.

By selling my "liability" I was able to acquire 3 houses with $90k in total debt, estimated $80k+ in equity, return my initial investment to myself, have about $15k left in reserve from the refinances, and the properties are combined cashflowing about $1500/month using a conservative 50% model (i.e.

I recently got a call from a woman who owns a vacant lot. a Lot that I thought was 7500 sq ft and zoned R1.5 - come to find out she actually combined the lot with the one next door and its 15k sq feet.