I am bullish on the FHA 203k and home-style renovation loans that allow you to leverage the cost of your renovation as part of your mortgage, which is just an insane deal, in my opinion.Do you have a specific area where you want to purchase?

You could also take out equity if you want to keep the condo and use that for another investment, but I’d be careful about over-leveraging.

IMO outside of a few small markets in the southeast the midwest is the only region in the U.S right now where you can purchase property with leverage and still expect a reasonable cash flow. 

Selling makes agents money and the IRS if you don''t 1031, it's almost always better to re-leverage instead.

Start by leveraging your skills to identify undervalued properties, perform cost-efficient renovations, and build sweat equity.

In 2023, we sold it for $245,000, achieving a strong return and leveraging the experience to fuel future projects.

Could be.I think that for most individual American investors leverage is a critical tool. 

Being 100% leveraged isn't a good thing.

I am talking in general, especially for investors successful enough to park a few hundred k not leveraged at those returns.  

You can create equity through renovations as you live in it.Its all about leverage.