I spend roughly $120k on my renovations, but this is for the entire property and developing the secondary suite which certainly costs more (2 new furnaces, all new plumbing, new kitchens and bathrooms with tiled floors and showers).All said and done, I personally love it.

However, you can get loans that are based on the performance of the rental and not your personal income and debt.

Others may have personal experience to share.

I personally leverage, but have a large rainy day fund. 

Paul, the deportation efforts aren't overly concerning personally because the few assets I have left in my current portfolio don't have a high immigrant resident profile (nor do the submarkets).  

I bought this property with a private interest free loan from a friend. the person i bought it from need cash fast so i offered them a low cash offer and they accepted.I had enough money saved up to rehab the house with my savings.

I have personally worked with @Wale Lawal and he is awesome. 

It was a personal referral, received a credit at closing for renovations as well How did you finance this deal?

This does not seem realistic to have a credit score of 580 if a person doesn’t even have a SSN. 

Personal criteria, building criteria and area criteria will all affect the way a deal appears on paper. two 100 unit apartment complexes, one in an A area and one in a C+ area will have very different financial breakdowns and interest groups.Want to know if a deal is good (for you)?