What type of loan will it be, commercial or residential?

There is so much more flexibility in a commercial loan than there is with the residential mortgages. 

Just about all of us have connections to loan brokers, yes.About 1/3 of the agents out there are what I would call "investment literate", and within any given realty there should be one that will at least know what to look for, for investment deals. 

Seth Goodman of me realty in Lincoln IL.

In addition, the overwhelming majority of real estate agents I've met couldn't put together a decent scope of work if their lives depended on it, and can't reliably manage to wipe themselves after every trip to the crapper, let alone a residential renovation.Way too many men in this country pretend to know all about residential construction, maintenance, and renovation.

My buddy and I have recently gotten into residential RE in Alaska where we currently live.

It will probably be zoned “Residential”, butthe Railroad will not sale it without putting covenants on it, thatno human habitation (home, daycare, school, retirement home, etc) canbe built there.

Luckily natural gas pipes are normally iron, so not worth stealing.No lender will fund a residential loan on a home without all of the major systems working, but you should be able to fund it with an FHA 203K renovation loan. 

I am currently looking at a 12k sq ft office building to change use to residential.

Hi All - 
I was gifted a piece of land in Matteson, IL directly across the street from Franciscan Health Olympia Field. I've had the land for a few years now and wondering what I should do it with. Obliviously sellin...