The low down payment helps me keep a lot of cash in my own pocket to support the rehab and stay liquid.Private money is nice, but sometimes can be difficult to use in conjunction with hard money. 

This lot will support 2,800 buildable square feet so we are looking a building a main house then an ADU (Additional Dwelling Unit).  

If you are buying through a realtor, they should have checked with their client to begin with when they listed the property.As far as the utilities, both City Public Service(elect.) and San Antonio Water Systems charge the person, not the property for their services.

@Eric Gyasi there are a few companies I use for my clients in these situations. 

Most approved VA lenders will only support stick built properties but I know that it is possible to use the VA Loan to buy a mobile home. 

When you dive in to the Real Estate Securities side of things,  you'll find there is not a lot of public information available due to the securities laws and the requirement of securities professionals to learn about their client's financial goals before recommending products. 

Or will other agents see the turnaround time and not want to let their clients offer anything over 1.1? 

All of your investment activity should support your personal, financial and lifestyle goals.

I run into this about once a month with clients.This is usually how it goes,I tell the client it will cost $20k for the property if it was updated, but $30k-$35k with those panels.Buyer goes back to the seller and states they need to renegotiate.Seller doesn't believe and says "talk to my insurance company as they are charging less than that"Buyer calls sellers insurance agent and the agent states "yeah, this is a grandfathered policy and we if have to issue a new policy for a new owner, it will be about $35k"Seller then either cancels deal or negotiates down.As @Matt Popilek states, if the seller has multiple options, it will be more challenging to get them to adjust down.Good luck with it.

I work as a banker while he does tech support.