The $60,000 renovation budget presented a clear opportunity to add value.

The $60,000 renovation budget presented a clear opportunity to add value.

There are still a few pocket areas of the Oregon Coast that do not have any restrictions, many where active rental permits transfer to the new owners, several where the allocated number of permits has not been reached or where there are very reasonable waitlists for a new permit (often in the single digits.) 

I'm going to be the dissenter here but I may exit out of the Midwest in the near future.This is a great post about cash flow and why numbers on spreadsheets only present a partial picture. https://www.biggerpockets.com/forums/12/topics/1171104-the-m...

After some research it seems that this property isn't up to code and presents some valid safety concerns.

The landlord stated she believes we are responsible for the leak because when we started the lease in November 2022, the leak was not present.

Any advice on how to present a 30yr amortized (20yr balloon) that might be more appealing to him?  

@Becky FrommIf you took your mom off the deed and the loan you could possibly get someone to give you a first on it as a DSCR or private / hard money but then your interest rate is going to be pretty high (double digits)

The $60,000 renovation budget presented a clear opportunity to add value.

It's usually because they aren't presenting themselves in the best way to get time with the best agents.