I have 2 factors that I know play into it, but there's always more beneath the surface.

I’ve found success by networking at local meetups, connecting with real estate agents, and exploring online platforms to discover these opportunities.

A good tip is to reach out to contractors, visit local supply stores, and check out online resources for cost ranges.

If you have rental(s) or plan to get one and want to decide between long/mid and short-term rental strategies taxes do play a roll if you have high W2 income you want to try and reduce you tax burden. 

How certain of the appreciation are you would also play into that question.Run some scenarios on what you could do with the extra cash vs what you stand to gain from the appreciation play and decide based on that and your goals.

Check out the free content online of Bill Faeth. 

If nothing else, put a few dollars in for giggles - most of us on here can afford to “play” with a little cash (whether that is $50 or $50k depends on you) Why on earth wouldn’t you play with something that can potentially triple your money in a week or two?

When I did an online search for commercial multifamily lenders, most have a minimum lending requirement of $1M and I don't need that much. 

That will play a factor for qualifying.

A lot of that is referral based or people find my site online, organically.