I love the idea of renovating and having renters who are happy. 

It was in the same family for a long time so we are undergoing a pretty expansive renovation in order to bring the design up to STR standards.

Her tenant payment comes from a government entity and is $2100 per month. the house was also recently renovated so all the mechanicals are in good shape. 

You have to really understand your renovation costs and timeline when you write an offer on a fixer.

Over the past week along we received over $400M in defaulted fix and flip loans from flippers who were getting 90% acquisition and 100% renovation and the properties are 20% underwater. 

Purchase price: $245,000 Cash invested: $50,000 This was our primary residence that we are lived in for 6 years while we fixing up and renovating. 1963 farmhouse that was outdated and loads of half a$$ work and deferred maintenance.

$1500 a month, or a vacant house that freezes up this winter and costs you $30,000 to renovate?

If you find a deal on the Peninsula it's either distressed and needs a ton of renovation or not a good area.  

Focus on cash flow and value-add properties, such as fixer-uppers or renovations, and expand into multifamily properties for better cash flow.

We have renovated 44 units using personal credit in the last 8 years.