For down payment, plan to need 30-40%.

@Jacob AndersonI've only used my HELOC for investing when I have a quick exit plan.

One other thing that people in their 60s can consider is - if you are planning on taking Social Security and making passive income part of what you live on, rental income may not count as income against your Social Security benefits.

He was stating that to use it as an backdrop to tell people he has a backup plan.

Quote from @Dmytro Shcherbitskyi: Hi everyone, I’m planning to syndicate my first real estate deal and would love some guidance. 

@Jordan Kaylor   Would your plan be to buy properties that needed work to force appreciation? 

Credit, jobs, income, age, married, plans for future all this matters.

The insurance agency I work with is having trouble finding a company that understands that type of policy and also offers it.  

I’d plan for extra amenities like special decor or concierge services. 

Generally there are multiple units for each "zone" if you will when I've seen them installed.Regarding your problem at hand, I personally would simply adjust your plan to move and make your initial plan to get the current issues resolved, while costly now, in the long run holding onto the unit will likely pay off.