We have worked with many clients over the years that found themselves in the same predicament.

Fully Renovated, just listed for sale today, 2/27/25 .

@Kyle Carter, The strategy you're looking at would be what is called a "consolidation exchange". followed by a conversion to your primary residence. 

We do these all the time Dylan.

It may pencil out if you're building an extra unit, but just a single bedroom is not going to work.

Unfortunately, with the number of pivots that are publicized and at inexperienced investor’s disposal, there’s never been more avenues for inexperienced investors to hold on too long.I hope inexperienced investors are mindful of this because I am constantly interacting with investors who are falling for these traps and doing immense harm to themselves, even if they may not be fully aware at the time of their decisions.It's crucial for investors, especially those just starting out, to recognize that not every investment will pan out as hoped (unlike what the gurus will tell you).

Paying for a Section 8 investment course is the equivalent of an aspiring cook paying for a course titled: How To Boil Water

Now that's out of the way.

I'm going to have a floor guy take a look to be sure, but let's assume I can't re-sand and I'll either have to put new flooring over the old original floors or just tell the next prospective tenant, that's how the floors will be, which lowers the appeal of a very rentable apartment.   

The main difference is that you don't borrow "money ", but instead buy the property from the lender over 360 payments, and the price of the property is marked up - this is the "profit" they charge.