Originally posted by @Kendall T.:One

Despite the slightly derogatory tone of such comments, there may be some truth to it in the sense of that negative cash flow or zero (counting on appreciation) being a higher risk game, for people who already have the cash flow to wait it out and have nerves of steel. 

If that is the case, then this would be an "arts and crafts" or "craftsman" period house; you can search the web for how that type of exterior would have been colored - earth tones would have been used in most cases.

Parked in the yard were 2 brand new muscle cars and a classic one.

In my mind that is something that it going to need to be replaced soon, and probably would be in a major rehab.  

You are going to need access to cash money and working the deals with them would seem the most logical option to me.Good luck!

But you'd want to ask about that of course, if you have an attorney you want to work with who's not on that list.You'll also want to get the list of documentation they're going to need for the loan applicaiton, though s/he will give that to you.

If your line of credit is at risk for a sub-6 figure job, it's probably not very hearty to begin with; but if you're talking a quarter-million dollar rehab, yeah that's something where you are going to need more than a handshake and promise to pay. 

Store anything that's usable, and that means you're going to need to develop at least one major storage site. 

Use your brains, use your muscles, use whatever gifts you have - it will come to you.