It doesn't have to be that much to start with, anything can be negotiated, but you need knowledge and/or sweat equity if you want to avoid being limited to a wholesaler or bird dog on a deal you find.

I would like to purchase in B- but my budget is limited for the time being.

The FHA loan limits were recently raised as well for 2022. 

Plus, unlicensed individuals lending must keep their loan rate and fees combined under your state's usury limit.

That could go all the way back to 1952 within city limits.

Being up front with your limitations will go along way.

Personally, I think Brevard is one of the best spots in WNC and personally I don't think we will see the limitations like we do in Asheville, but obviously, this needs to be considered for anyone wanting to invest here.

He is a licensed contractor with good reviews and referrals.The Owens Corning Platinum Roofing Contractor proposed $17.5k for the whole roof replacement with Owens Corning Duration material, 10 yr transferrable workmanship warranty, and transferrable Platinum protection limited warranty ( Lifetime of workmanship warranty with coverage reduced after 25 years based on the age of the roof).From an investor standpoint, what would add more value to the property?

Conforming loan limits increased to $647,200 for most of the U.S., which means you may be able to avoid the stricter requirements of a jumbo loan.

My long term exposure is $0 as any potential loss is limited to $1.