No new square footage is added in converting the common living spaces to bedrooms.

It is a 2 unit property and we are not planning on adding management.

So in your example, buying a trackhoe might grow your business or create greater profit by eliminating some outside costs, or letting you take on bigger projects, or speeding up existing projects, etc (just an example).

LeadSherpa is a good service i had a lot of experience with if you want to go that route.The two best strategies I’ve found are inbound methods: direct mail and Google Ads.Direct mail can be expensive, but it can also yield highly discounted properties.Google Ads, on the other hand, doesn’t require data extraction like calls, direct mail, or texting.

Buying with cash simplifies management, eliminates interest, and increases immediate CoC returns but limits scalability and diversification.

If the answer to both added questions would be "yes", then you have a potential goldmine here.Combining the seller's concerns, and the reality of a big down payment being a negative to the seller (see Q: 1), you should be able to set the terms, with a lower DP, and controlled interest rate, to have this property CF and,...be able to sell the package to another REI down the road,...as long as you buy this using an LLC (a new one). 

This eliminates the requirement for a new down payment since you are refinancing the existing debt.Lenders typically require:A copy of the owner-financing agreement.Proof of on-time payments (6–12 months).What to Do:Find lenders that offer rate-and-term refinancing for owner-financed properties (portfolio lenders and DSCR lenders often do this).Maintain a clean payment history.” 

Non-profit or not, it will be UW as a business...the non-profit designation doesn't eliminate the lending review, just makes the proceeds non-taxable in order to be put to charitable use.

So maybe not that big of a deal if your adding one extra dryer type circuit ever 3rd parking space.Logistics of course of all this is never much thought out by the politicians. 

Investment Info:

Large multi-family (5+ units) buy & hold investment.

Purchase price: $925,000

Cash invested: $200,000

13 Unit Multifamily property in the Waveland neighborhood of Des Moines, Iow...