We are torn between both approaches here.Cam someone suggest what approach is better?

However, there are still chances out there, though you might need different approaches.

However, if I were to proceed with this, I would likely need to adjust the rent accordingly.I’m looking for advice from the community on how best to approach this situation.

The Federal Americans with Disabilities Act and the Federal Fair Housing Act approach the topic differently and cover different segments of the community.

This approach not only allows you to create value through renovations but also increases your overall return on investment.Off-market deals are typically cash transactions, but if you don’t have the cash on hand, you can consider using a hard money lender.

People make money in every approach to RE, and people also lose money in the same way. 

That doesn't mean it isn't a good strategy - if the property still produces healthy cash flow after expenses (which includes future capital needs if you've deferred such), at a minimum you could be rolling the cash flow either back into the home to own it outright or using those funds to prepare for your next purchase. 

Especially if you are looking for a data driven approach.  

All without the buy this do that approach.  

If you’d like advice on how to approach private lenders or need help structuring proposals, feel free to reach out!