If I've left out any important needed details please let me know.

What specific details do you look for in a lead (e.g., financial info, property condition)?

A lot of young professionals like this area so furnishings should be modern and "upper-middle end", if that makes sense.

@Brian King What about something like this for a fix/flip in Smoketown: https://www.realtor.com/realestateandhomes-detail/822-S-Hanc...

Send me a message if you want to chat in more detail (background is in live in flips, LTR, MTR, and STR).  

For on the ground evaluations, I rely on local contacts: agents, contractors, or even property inspectors to provide walkthrough videos and detailed feedback.

But I don't know your personal situation and all the financial details. 

The renovation aimed to modernize the property, enhance its appeal to potential tenants, and maximize its long-term value.

Additionally, lenders may require a release price (a specific amount to pay down the loan) for each property sold, which can complicate the strategy.It’s worth discussing these details with a trusted lender or mortgage broker to ensure the plan aligns with the loan’s terms.

You and your legal, tax and financial advisors should review this transaction in greater detail, especially the PLRs, to ensure you understand the significant risks involved and are structuring the transaction as close as possible to the PLRs to mitigate some of the risks.