. - my father's background pertains to the design, construction, and architectural planning of projects, not necessarily acquisition or finance.

You will have 24 different years of construction and design.

On day 1 "Monday" we sent the measurements of the kitchen to our cabinet company...Who turned out the design in a couple hours...We could have saved MEGA bucks by ordering direct from one of our national suppliers, but that would have taken about 3 weeks.  

Presently the way the system is designed in the condo building (6 units), the pump might still allow for the water to flow (even if the pump is not working, being off) if the other pumps push the water up.

If a house has major issues, you can't get a conventional mortgage on it,,not FHA, Fannie or Freddie,,they don't want the collateral to be a house that needs repair at the time of the loan.For investment properties I use hard money, then refinance to conventional financing after the repairs, but that's investment property and expensive.A 203K is designed for what your doing, but you pay PMI, and I think the only way to do it would be as your mortgage broker outlined.I will say my experience is in investment property, so there may be other options for an owner occupied that I am not familiar with, go talk to a local band and see if they can help.

You want to work with someone (broker, attorney, or someone else) that has been there and done that and can structure the contract so that you can design out entitlement risk.

I haven't actually looked at the numbers for that house as we are just in the design phase.We do however do some phases of the work ourselves, which helps cut down on costs.

Only Homepath properties designated on homepath.com as being eligible for Homepath mortgage or Homepath renovation loan with the "sticker" are eligible for Homepath financing.

The boards are designed to click together.

I especially like the kitchen design.