If you're just going in to learn, you could probably gain some value.

@Izraul Hidashi I’m not claiming to know how the entire banking system works but I feel that I have a pretty good idea.

This might give a one-time (non-scalable) boost to cash flow, offer multiple value-add options, and allow the house-hacker peace of mind, via the assumed mortgage, in long-term breakeven or positive cash flow in the event that the value-add plans end up not being executed, and/or the person has to move out, and rent by the room or STR become unavailable for some reason at a future date.

The total value (purchase price + improvements) must meet or exceed the relinquished property’s value to defer all taxes.

You do not need equity to conduct a value add or get construction financing.

I’ve been involved in real estate investing for over 30 years, so if you ever have any questions or need guidance, feel free to reach out.

However, if you feel you need their input earlier, you could offer to pay for their visit to walk the property with you pre-inspection.

This community will offer you so much value - don't be afraid to drop your questions here or reach out to any of the folks above directly.

I second all that has been said above - all of those folks referenced have been really helpful to me and have added lots of value to so many BP community members, especially in our local marketplace.

Are you buying amazing deals or are they closer to market value?