That loan will cost you around $800/month for 30 years.I think this improves things, and your only loss would be the cost of the equity loan and the payments you've made so far on your IRA and credit cards. 

There is some future Infrastructure improvements taking place, which can/cannot impact the property ROI. 

Utility improvements.

Better education and training might be one way to improve the situation  Damn, sorry to hear that.

Consider increasing rent, refinancing, or switching to a mid-term rental to improve cash flow.

Furthermore, it aligns with the growing trend of home improvements that enhance daily living while maximizing investment returns.

There’s huge retal income potential if you nail that balance between improvements that wow tenants and improvements that merely look fancy but don’t justify higher rents.I’d also keep an eye on how your high end plan fits the local demand.

This would buy time to improve cash flow or explore better refinancing options.Ask Your Lender: Would they consider lowering the rate temporarily or extending the loan period while you stabilize cash flow?

While I’m open to both turn-key and fixer-upper properties, my preference leans slightly toward value-add opportunities where I can improve the property and increase equity or cash flow.That said, I’m also happy to consider turn-key options that provide immediate cash flow if they fit within my investment strategy.

The market around Gary, IN has been improving.