As for 100% Bonus Depreciation, nobody knows unless you have direct access to hundreds of congress people. 

This part is the addition to our existing home.Upstairs is about 1,000 sq ft 2/1 with a balcony.

@Nathan Brown this answer will totally depend on goals, time of life / real estate journey, and many other characteristics, but I would look at one of two things.

For insight this was the best deal I found that was in a good area. 

Quote from @Joe Grespin: Access to capital is easy to find.

DM us if you’d like to discuss this logical approach in greater detail!

This offer is from a bank, and it is not a chattel mortgage.

If using a lender I would expect to see Financing Costs included.Desired Profit of $50,000 - This is a pretty big profit for this ARV price range, so you do have a nice profit cushion if the ARV is off or your repair costs come in higher.Assuming you are comfortable with the ARV at $200k, this is how I would analyze the deal:

This has been a self-driven journey, and stepping into this kind of room is proof that persistence can open doors.Open to connecting with others building from intention - especially those who are experienced in strategic partnerships and open to NDA's when appropriate. 

About 40 years ago we used to do these deals, but lenders have smartened up and tightened up, about the only way to pull this off now is by combining what’s essentially personal unsecured loan with a secured loan, or by committing mortgage fraud.