Good luck. haha i would run away from anyone self-proclaiming as "financial expert" with the expectation to "meet the guru / mentor/coach / master of all business" in his/her personal residence lol I have not google him yet but I bet he is taking picture in front of luxury house and driving sports car ?

Luckily we are very close so we are very open to creatives approaches to maximizing this.

Quote from @Kristin Solbach: First time investor here that is feeling pretty stuck.. we want to get started in one way or the other with lot of different approaches and advice out there.

I didn't want to have three vacant units at once, so I tried that approach with the 3rd tenant.

For BRRR, after a property is renovated, they can approach a lender to do a cash out refi.

Alternatively, I’m considering wholesaling it for a quick $20K, but I’m not sure how to find local investors who can move quickly and close within the bank’s timeframe.I’d appreciate any tips or guidance on whether I’m approaching this the right way, ways I could improve, or how to effectively connect with local investors who could allow me to wholesale this property and make some immediate cash.

Your conservative approach to estimating income provides a solid buffer, and the strategic location adds a layer of security.

Another approach could be to use LPMI, which rolls PMI into a slightly higher interest rate, potentially saving you monthly PMI payments.

It may seem like my number seems high but the cap ex on the kitchen alone with 15 year life is approaching $100/month.

Nate is super approachable and very active in the community.