So, what is my most preferred to least preferred, it all comes down to cost of capital.  

And then a client's new build in the suburbs of Denver that cost $800,000 and should get around $85-$90k, so 10.5-11%. 

I do understand all recent syndications are struggling with costs and tenants struggling to pay, so trying to be patient for now.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

Waite ___ years to get it done, or take this check here n now n be free. 

I responded to you because I genuinely am trying to help you (for free).

TY You have a few different options, but a cashout refi on the free and clear property is probably simplest. 

I'm hosting a local meetup in Mankato, feel free to shoot me a message if anyone is interested in joining!

Don't know how much renovations will really cost, again, either PM or GC conversations.  

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