You should also request a personal financial statement to better understand their financial health and proof of funds to confirm they have the liquidity for down payments and closing costs.

That is what 1% of the $40,000 down payment costs were from when we refinanced it and started this process in Jan 2022.

Both tenants just moved out.I just got a bid to correct the foundation the right way by the most reputable company I could find (full underpinning, 60+ piers) ~$65k, plus costs of repairing drywall, paint, vacancy, and new flooring.

RegardsGokhanDid you do a cost segregation study last year? 

Not sure what your monthly cost is, but every vacant month it costs a lot trying to make that up. 

How much do you expect the rehab to cost?

I would also suggest finding a 100% LTC (loan to cost) lender that will fund all of your rehab and all of your purchase.

I was chatting with some of my lending buddies at big banks and they are all backing away from the CRE space including office because operating costs are increasing more quickly than rents.

Nevada #1 in Car Ownership CostsNevadans pay the highest car costs in the U.S. at $6,120 per year, with insurance alone at $3,439.

There are several websites available today that will help you to calculate potential rents.