Home includes 2 lots so potential of building other home next to it someday.

A complete renovation What was the outcome?

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

Property ClassProperties are categorized by class, impacting their quality, condition, and investment profile:Class A: High-end, newly built, prime locations, attractive to institutional investors.Class B: Good quality, older than Class A, with minor deferred maintenance.Class C: Older properties with dated amenities, but value-add opportunities exist.Class D: Distressed properties in less desirable locations with high risks but potential for significant improvement.4.

They contain shortcuts to knowledge and potentially community. 

Besides the higher down payments, higher interest rates, and potentially shorter terms on commercial loans (all easy to underwrite with a couple calls to lenders), commercial deals in the 5-20 unit range are not much different than a 4 unit.  

Thank you for putting it out there and potentially saving someone else in the future. 

A complete renovation What was the outcome?

Or alternatively any of the following that would have a similar outcome.

Make sure to research lenders, get pre-approved, and calculate your potential ROI before bidding.