Quote from @Shawn Sopic: When you bought it, it didn't have A/C, so I suspect other buyers will do the same.Installing A/C may not provide a dollar-for-dollar return, but it can make the home more attractive to buyers and enable you to sell it faster.If you spend $10,000 to install the A/C, you can expect it to increase the sales price $5,000 or less.

The ARV on this property is just under $100k and I am struggling to find lenders who are willing to lend on such a low dollar value.

I have no doubt, once I have tenants in the unit and seasoned the property, I will be able to refi out all of my cash plus a few extra dollars.

As long as they convert the cryptocurrency to dollars first.And pay, in USD, via one of the approved rent payment methods in their lease.

They kept getting rejected b/c sellers were hearing every night on the news about the blistering hot real estate market that had turned around and they suddenly wanted top dollar for their property, above what comps would justify, even above asking price.

More realistically, if there's a veteran willing to give up re-using their VA loan entitlement amount in exchange for top dollar on the sales price, that's for the listing agent to proactively put in the listing description, and have a stock flier/email to send back when inquiring buyers/agents ask.

@Jasmine HuNot sure I would go to Memphis and don’t know the VA markets.I’m in Greenville SC and love that market - midway between Charlotte and Atlanta.Booming population, income, and job growth - not as competitive as the NC and Florida locations.As you note insurance costs are in issue in FL and probably in Wilmington too.To add some additional context, one can invest successfully in most markets.For me, knowing your market is as important if not more important than selecting a market.

I discover why it was sold at the tax sale, seek out the previous owner and get a quit claim deed from them (even if a new deed was awarded from the tax sale), then attack the collection deed and win the property back, usually for just a few hundred dollars. 

I have seen overages in the 100s of thousands.. so you collude to prevent bidding pay someone 5k to stop bidding and get it for 1 dollar over the owner gets nothing when in fact they could have had a nice pay day.3.

Professionals should be compensated for their time, and you should hire a professional to walk any property you're considering spending thousands of dollars investing in.