First step would be to talk to the controlling government body about what you can do with it.

It depends on your loan.Your plan is to spend $50k to make $200-300k more a month?

Don't spend money on stupid stuff.

Spending a couple of hundred dollars can reveal major issues.

But it's what my thoughts are and determines how we will operate and spend our money.

I have almost 100k saved and am more than willing to spend whatever I need to. 

One suggested paying a GC a couple hundred for an estimate which sounds good until you realize you might do this 10-15 times before you buy a deal then you are spending thousands on estimates!

You will get convinced you can do seller finance or sub to, but it's not practical unless you are going to spend all your time doing that.

Interesting discussion about national rent control here- Why Rent Control and Housing Subsidies Backfire: James Burlinghttps://link.theepochtimes.com/mkt_app/epochtv/why-rent-control-and-housing-subsidies-backfire-james-burling-5732950?

The reason is there is usually a resturant or other retail shop there and now you have customers you would never have that WILL spend money while they wait 20 to 30 minutes to charge.