IMO its best to be precise and efficient.

At that precise instant, a judgment against one former spouse alone attached to the property. 

You might allocate some of the pennies to the wrong expense category this way, but at least you will be vaguely right rather than precisely wrong.

Yeah, a standard coventional renovation loan is precisely what you need.  

So there are so many variable that unfortunately I can not give you a precise answer.

Eddy.P.SAm in the Tampa/Lutz market...4bedrooms 3bathrooms to be precise.

@Bryan Devitt Your perspective is precisely why I felt the need to reach out to this community.

Therefore, 10-year financial projections such as the plan you've created should factor in elevated interest rates in the future; this is subject to a wide margin of error as nobody can project what will occur with interest rates with any precision. 

HI @Justin Brophy  I own a rental in Vegas (well Henderson to be precise).  

@Alina Trigub I was thinking that potentially setting up a 'hard money' operation for family with fixed returns may be easier than offering equity precisely because of your reasons, but that is great advice.