I am guessing you like the numbers you see in Strawberry Mansion and Norristown (Montco not Philly) but do you know for a fact that at those numbers, you can do a full gut rehab and be at a number that will allow you to profit, and along the way make some sizable mistakes especially if this is your first project . . . 

This amount is into the 6 figure range meaning that I will need to come out of pocket with an amount greater than my initial investment in the building in the event a major earthquake would destroy the building.

We put this in our offers to differentiate ourselves from other offers and we can write off this expense as a tax deduction.

but, we only know what you posted.hope this helps

At the end of 2023 I purchased an old 4plex out of state (MD) for $180k (it appraised for this amount), 20% down with 7.99% rate, mortgage is $1364 with piti.

This seems risky, since I have to pay for repairs on a property that’s not even mine yet.

Apollo Acquires Bridge Investment Group in $1.5B All-Stock Deal – What This Means for CRE InvestorsBig news in the commercial real estate world!

Plus this seems like a classified ad I think.

What made you interested in investing in this type of deal?

Your solutions are contradictory and are equivalent to clicking your heels three times to solve your problems.