Three AC units went belly up in June, and now a hail storm last week may mean 3-4 new roofs are coming.

if this is your criteria it can be done, but the low hanging fruit has the least juice. 

I have had success on the lending side of things, as a mortgage lender where borrowers may have strategically defaulted (ie. it was a rental they were collecting rent on and not paying their mortgage).The thing you have to look at is how juice can you squeeze from the lemon?

@Charlie Anne I don’t think the juice is worth the squeeze here.

so any payoff with points in less than a year juices the lenders APR.And of course i am sure your aware but anyone on the internet or social media contacting you saying they are a private lender at 3 to 5% is 99.9% simply a pump and dump advance fee crook.. as seen on American Greed Episode  Remington financial  which was brought down by a lady named Ingrid Robinson right there in your neighborhood.. she tried to buy an Island in Clear Lake up in Lake co just North of you..

Can you really juice the ARV to $200K with just an $8K rehab? 

But first....Why not try to squeeze a little more juice and give yourself some runway to find the perfect next property like @Hai Loc is saying??

Independent mortgage brokers stomp guts on "slow" and "hard to close" VA loans, bankers and direct lenders almost all really REALLY suck at them, **or** (& maybe even worse) are good at them operationally, but have the margins juiced up (we're talking 3x and 5x the normal standard profit margin for a conventional loan and for bankers and direct lenders this is lawful) such that they're taking advantage of our fellow veterans and have trash rates (for a VA loan).

The monthly rent would not justify the purchase price of $210K if you weren't going to (1) live in it for a while and (2) juice the rent via the rehab. 

Between the laundry and created off street parking I usually juice the rent 150 per month per unit.