Hello Roshan,I would be happy to meet with you when you make your trip.  

Thank @Joseph HamaouiI did not get make that trip.

The questions in my head, as a banker:1a) Does the borrower have solid character?

I plan to take a couple of trips down to meet with realtors and to familiarize myself with the area as I understand Philadelphia is a city of neighborhoods and competition there is pretty steep right now.

I plan to make a trip out to St Louis so I can better assess in person what the possibilities are as well as hopefully meet some people I can work with (real estate agents, contractors, property managers, etc). 

It only allows 40 trips for month.

The only thing I've found which could trip you up is private infrastructure, increased county taxes, and water leaks.    

Right now I'm planning big mountain bike trip this summer and need (really it's a want) some new bike parts.  

My wife has put her notice in and we'll be doing extended trips when she wraps up.

The Gc would have to go back to do the work to par so that funds can get released so the GC can move on to the next stage.The above is a bit more complex when do you do a 203k over 35k in total cost + reserves/fees since it requires a HUD/FHA consultant who goes in on the transaction to consult your GC to let them know what HUD requires and can incorporate a plan of upgrades with your needs and wants with whats required by HUD.Other than the construction complications, plans, surveys, bids, trips and conversations with the GC and HUD consultant, & disbursements of funds the 203k is a "regular FHA," loan when it comes to qualifying.From the lender point of view I tend to do a maximum assessment of buying/borrowing power first to determine if the borrowing power of the individual meets their price + rehab requirement.Sometimes when you know its around 4-5 bucks per sqft (interior) for a regular pitch roof for full tear off + new replacement comp shingle and the borrower has budgeted only 2-3 bucks a sqft you have to pad those numbers for them or do some homework on their subs to make sure your going to be able to qualify for more when the budget has cost over runs.I've found it best practice to over qualify for rehab variances since it always seems that people like to add on more during the bid / consultant stage.The one caveat with 203k programs that are not required with the conventional variant of rehab loan programs (Fannie Mae Home Style) is that on 203k you have to have min equity before you can qualify.