@Thomas Youngman - That sucks to hear about the valuation - What about getting an independent valuation from someone that's not attached to a bank?

I personally have my contractor sign a "Independent Contractor Agreement" and I will have it specify the dollar amount of the renovations in the agreement and attach the scope of work to it.

From your post it looks like you didn't have a property  inspection by an independent third party and are going by what they have told you it needs to be a functional rental.7.

I've been an independent broker for 38 years now, and I've always represented myself in real estate transactions - even for out of state transactions where I won't be paid.

You can learn to do this independently or get a rockstar REALTOR to lead the way.

If your priority is building wealth sustainably and positioning yourself for long-term financial independence, I’d strongly recommend considering properties like duplexes, triplexes, or even quadplexes.

Apparently they handle all property repairs and maintenance independently and have maintained a perfect payment history, even throughout the pandemic.Lease Option Agreement:Effective Date: November 1, 2022Terms:Purchase Price: $165,000Non-Refundable Down Payment: $10,000Lease Term: 3 years (ends October 31, 2025)Final Payment: $158,000 balance due upon term completionMonthly Payment: $1,150 (no rent credits)I didn't see this to be a deal because if in a the best case scenario my $25000 would walk away with 2400 which is about a 9% ROI.

"Susan Chang, a Los Angeles landlord who also represents a small contingent of independent rental unit owners, told the Globe that this only “continues the nightmare.”

Chad aka Coach Carson is an entrepreneur, writer, and teacher who used real estate investing to reach financial independence before the age of 37.

I'm also an IU grad and hit financial independence last year (after 18 years of investing and saving).