HI Steven,1) Any 1-4 unit property2) Its basically just like any other FHA loan with a construction component designed to release money to your contractor to do work on your property whether it be a purchase or a refinance of an existing owner occupied home (key is owner occupied only not investment not second home)3) there are limits to how much construction or repairs you do generally the rehab cannot be more than 75% of the total cost of the project upfront or the after repair value (ARV) appraisal so basically no gigantic repair projects4) luxury upgrades will not be allowed and no detached ADU's or accessor dwelling units 5) qualification wise you qualify like any other FHA loan you'll want to review your income/assets/credit and figure out what your max purchasing power is so lets say its 500k and you find a 200k property then you know you can squeeze in 300k of repairs potentially.

@Alan Bosca yes that is what it is designed for.

Designed my own system around the compounding effect of REI.

I had already drawn up designs for the property and just got a bit too invested thinking it was locked up. 

An appraisal is designed to show value to a business, like a bank or mortgage company. 

We will also get an estimate from a realtor we are in touch with but other opinions could possibly improve it.It would be very helpful for us to get an estimate for the following parameters:location: either a dry lot south of Cape Coral Pkwy West or a waterfront lot (salt or fresh) further north but south of Veterans Pkwy, budget  for the lot about $ 50k house with 1750 sqft, 3 bed, 2 bath, double or triple garageupscale outfit, but not luxurious pool with extended lanaipaved driveway/walkwaywell designed bathrooms with tile floorsupscale flooringgranite countertops, wood cabinetspool and lawn service includedstainless steel appliances in the kitchendryer, washer includedmaybe tray ceilingsautomated garage doorsimpact windowsThanks for your replys!

I am a designer so looking for possible partnerships rehabbing and networking to learn the investing side and build friendships with like-minded people.

For example designer fashions, nice jewelry/watches, etc.

@Pete StorsethYou can try loopnet it’s designed for commercial properties but you’ll find 4 unit buildings and under on there.  

I designed and built my own modular house.