And up-front costs to deliver quality are not cheap. 

For several reasons (property taxes, politics), I would prefer to begin real estate investing somewhere other than locally. 

Never invest in any city on this list of the 50 most dangerous US cities.Low operating costs: High operating costs are one of the driving factors for many companies, leaving states with high taxes, regulations, and other costs.

A local Housing Commission needs a very good reason, with lots of paperwork, to exceed a limit.

AirBnb's is just 24 hours (and reasonable).

However, in my experience the good wholesalers understand comps and construction costs, are transparent, have good referrals, and can actually get you in the property. 

.: I’m currently renovating a rental property and exploring ways to manage costs without compromising on quality.

If it costs you thousands to refinance it needs to be worth it. 

I wouldn't recommend it for a number of reasons. 

@Dhruv Patel I believe you are getting ahead of yourself....Where in the US are you all-in (land acquisition, soft costs, hard construction) on new construction multi-family for $100/ft.