Would I still approve for FHA even if I have done few wholesale deals, or it doesn't matter and it has to be actually buying a property to lose the ability to use FHA?

So if I were trying to determine a Commercial RE's current value, I would need an accurate NOI (rent roll, utilities, etc.) divided by the current Cap rates (from a broker or PM)?

I'd love to hear how market conditions in Waco have affected your ability to execute your business plan. 

Debt gets paid an interest rate.So, I would first suggest looking at those to determine who did/does what, and the value associated with those. 

Pay a broker for a BPO on the house if you don't know how to determine it's true value yourselfThe title company (or lawyer) will handle the bulk of the back end work.

It is ideal (and will really improve your ability to successfully engage contractors) if you can float the construction draws3.

@Zach Hitner - Before even diving into if should use CAP Rate on a SFH, the cap rate is a measure of the market, not the number you should use to determine returns. 

I am by no stretch of the imagination an expert, and I'm sure there's missing info here (what do your credit scores look like, what's your DTI look like and will it affect your ability to qualify for future financing, do you have additional credit to make use of, etc.) 

Would also love if someone could help me running the numbers to determine a good purchase price as I would like to be at 75% ltv so I can pull all my money back out of the deal.ARV with just electrical repairs: 340,000ARV with full update: 390,000 - 430,000Rent with just electrical repairs: 1700Rent with full update: 2200Repair Estimates with no contractor help: Electrical - 10,000Kitchen - 12,0002 bathrooms - 12,000Paint/Take 1 wall out - 12,000Misc/overages - 16,000Total - 60,0000Sorry for how long the post is, but let me know if you need additional info to help answer my questions.

If you haven't shown him that you have the ability to deliver the product, why wouldn't he feel uneasy about it?