@Iris Olivas Most local banks/credit unions can do this deal with lower fees and potentially rates than brokers.

I would love to find something that is has value add potential but not looking to full rehab.

That’s why you get a discounted interest rate and a lower downpayment, because owne occupant properties are low risk. 

By buying mortgages, Fannie and Freddie reduce risk for lenders.

But any improvements are at your risk.. the redeeming party just owes you your cash plus in our state 9% and any VERIFIABLE expenses you paid to protect the asset.

For a variety of reasons, including keeping this potential project "need-to-know" only right now, I want to get a ballpark estimate with full understanding that the goal posts could move in either direction as the project gets more discrete. 

Maintenance and potential repairs will also require a long-term financial plan and setting aside a contingency fund for such expenses.The steady cash flow, appreciation over time, and tax benefits can make a meaningful difference to your wealth in the long term, especially with the principal paydown on the mortgage.However, if managing the property from a distance feels too burdensome, or if you’d prefer the certainty and flexibility that comes with having less debt (especially given the high mortgage rates), selling and using the $100,000 in equity to reduce your loan for your next home may be the smarter move.

This property in Anderson, IN had strong potential due to its low purchase price of $60,000 and a promising after-repair value.

HvAC guys, plumbers and electricians are busy but licensed so no huge risk especially if you pull permits and have work inspected.

I currently have a rental property and am looking at getting my real estate license and building a property management and property maintenance company to serve my investments and potentially others.