Define, "inspection"!

I completely agree with @Juan Cristales about building relationships and defining your buy box. 3-5 wholesalers that understand your buy box and call you first because they know you will close will go a long way. 2.

Jersey City has more defined laws, basically you can STR if you owner occupy a unit. 

Hi BP community; long-time member here.I’ve seen a number of threads recently around capital gaps, lender hesitation, and timing issues on short-term fix & flips, especially when a project is already under contract and moving toward closing.On 3–4 month projects, I’ve found that capital conversations tend to move fastest when the structure stays simple and the risk is clearly defined.

Doesthe person have a qualifying disability (as defined by HUD)?

Unfair but that's not meant to define us.

Sure there will be a finance and numbers component but from the limited development experience I have, the devil is always in the details and its always solved via relationships at the local level.  

Learn ARVs, true sold comps, and buyer demand in that area.Master deal analysis before partneringUse conservative numbers:ARV based on sold comps, not listingsRehab estimates with a 10–15% contingencyInclude holding costs, closing costs, and selling costsIf the deal doesn’t work on paper, it won’t work in real life.Be strategic with partnershipsWith $50k, you can partner with an experienced investor where roles are clearly defined.

Much easier on new construction than an existing building as long as you have good receipts along the way for building components.

EXAMPLE: I haven't cut my own lawn in over 10 years because I can get it done significantly cheaper than what I make per hour.The other component to keep in mind is landlords typically hire PMCs for one of two reasons:1) No time to properly manage2) No expertise to properly manage- Note: if you have enough time you can learn the needed expertise.Everyone wants to focus on how supposedly "easy" it is to manage rentals.The reality is:1) The difficulty & required time increases as the property/tenant quality decreases with Class A => Class B => Class C => Class D2) It only takes one bad tenant, bad contractor/handyman or mistake that leads to a lawsuit to cost a landlord SIGNIFICANTLY MORE than the cost of a PMC.What Class of rental do you have?