You could put 25% down and grab some of the extra cash you have and make the place more higher end - can equal higher rents - then sell for more in 4 yrs b/c it brings in more income.

@Garry C., thanks for the shout out!  

C-class locations can make money but your operatins need to be on point.

Of course, this take a lot of time and it's often easier to just deny them.BTW: what is the Class of your property, as this sounds like a Class C applicant at best, more likely Class D.

I am at the beginning stages to take my idea of a 506(b) or 506(c) fund and make it a reality. 

This factor significantly impacts your long-term success and stress levels as a landlord.Be wary of theoretical numbers, especially for C-class properties.

On Zillow, the home is appraised for about $350K, however based on my conversations with the owner, there are a few pain points which I'm sure Zillow doesn't consider in its "Zestimate". 1) The home has no central A/C.

@David C. when I started protecting my assets over 10 years ago Statutory Trusts were not around. 

Lori and I chatted some more and she has 30 plus years of doing retail owner occ RE sales and managed a large C 21 office at one time.

You don't have to add duct work to flip, so you could just put the c/a system on top of the new furnace and be done.