Most banks will require between 20-25% of total costs of the construction project (including land, building costs, permit costs, soft costs, etc). 

What it’s worth is irrelevant.....it’s what you pay for it that counts(and yes you can include repair/improvement costs If done properly, and within the 180 day window)

I'd need to know more about how old the building is, what neighborhood it's in, etc, to give you a precise picture, but here are some issues.1) You don't include any cost for utilities.

These safe harbor rules contain capital account bookkeeping guidelines that establish uniform procedures for recording the economic (not tax) results of partnership operations.

It doesn't have heat or a/c but the electrical was updated 3 years ago and the owner/occupier of the property has made a few improvements including siding, paint, wood rot replacement, electrical.

I'm just in Asheville for the VA right now because I have multiple issues from Iraq, including a brain injury which currently prevents me from driving. 

I had a similar issue when I bought my first property so I went the turnkey route and got my first property for about 20k all in, including closing costs.Then I decided I wanted to buy something with a bit more built in equity, so I bought my second one in a different city and state.

However, you can make a disbursement to the the LLC members (including yourself). 

It's a glass and concrete Jungle that the .1% can afford but hardly anyone else.What Brooklyn had was proximitry to Manhattan and a hip and trendy vibe along with some very famous people, including Spike Lee, Biggie, etc. here is a List: https://en.wikipedia.org/wiki/List_of_people_from_BrooklynThere is a huge spill over to Brooklyn from Manhattan and that created a huge demand and spurred development which then made Brooklyn into a destination that has become Internationally known.The writing was on the wall for anyone that was paying attention and can say to themselves....

I shouldn’t drive over to see the house unless I have a proof of funds letter from the lender, but I can’t get a proof of funds letter unless I know what the rehab/repair costs will be if that will be included, and I can’t get the rehab/repair costs unless I get inside the house.Am I reading too much into this conondrum?