I would definitely take care of the cracked/chipping ceilings.

It sounds like there's a bit of a vacuum in reliable local property managers.I was originally thinking of setting up a property management company to take care of the properties that my partner and I purchase.

@Brandon MorganTo buy your second property sooner, consider conventional loans with a 5-20% down payment, house hacking with an ADU, Home Equity Line of Credit, or cash-out refinance.

You would need to find a property manager to care for the investment until you return, which will eat into the profits.

These lenders care more about the value of the asset that is financed rather than your credit score or income documentation.2.

I would suggest you talk to a mortgage broker or a bank though - if those homes are zoned commercial you will probably have a hard time getting an FHA or low down Conventional mortgage.

My condo is an HOA that is suddenly non-warrantable for conventional financing.

Conventional financing would be difficult as they typically require 12 months seasoning to use the newly appraised value.

@Tyler Bushey Care to elaborate on how you would achieve this with only one boiler?

When I talk with the investors I work with That have used this plan they find if they are buying right in a good appreciating market with conventional financing they are able to drop the PMI after the first year.