Purchase price: $211,000 Cash invested: $50,000 Purchased this house for $211k eight years ago.

I have done it successfully on my last 2 buildouts, maybe 3, but only because I was able to acquire the properties at a very low price and I did all the work in-house (myself and some hired hands on staff).

Since the original loan was apparently for a primary residence an LLC could never qualify because it isn't a person who would owner occupy the property. 2.

We have been working in the affordable housing space for some time, and this allowed us to partner with the local community and provide a housing solution they need as their city continues to expand with new jobs they are successfully bringing to town.

don't be afraid of better markets in ohio like columbus. depending on the capital allocation buying old houses and having to renovate is not the only way to drive value. build rent refinance repeat and build to rent are both very strong market drivers as well and you can traditionally get infill land in areas like columbus in much better locations than where you buy.

I remember the story of the Zillow CEO when he sold his house in Seattle for about 40% less than the Zestimate. 

Talk them into leaving voluntarily  (i.e. community pressure to leave, explaining what an eviction case will do to their ability to find future housing)

You could go the house hacking route with buying MFU, etc.It MIGHT be interesting if you are a traveling nurse to turn your house hack into a short term or mid term rental while you are gone.

I do this by doing open house showings.

I am a CT based investor, flipper and property management company owner.