It seems you'll need rent growth to outpace maintenance significantly for the apartment to cashflow.As far as appreciation, did you have a goal in mind?

Your goal is to get paid and not have this happen again. 

Share your goals, a property you may be searching for, or a partner you may be seeking. 

I have a goal with in the next 12-24 months that I will be able to walk out of my job, and into my passion full time.

Another route would be a home equity loan, which functions like a second mortgage, providing you with a lump sum at a fixed rate and payments.Each option depends on your goals and the terms offered, so it's important to evaluate which fits your situation best.

We're here to support your investment goals with expert advice and financing solutions.Best,Drago

RecommendationGiven your goal of minimizing upfront costs while keeping control, here’s how you might proceed:Conduct a Thorough Title Search: Before committing, make sure there are no surprises in the title.

I got a lot of confidence after sharing my goal and working with people who had already taken the steps I wanted to take.

However, the goal would be to increase the amount of units rented to close to 100%, maximizing income, then potentially outsource management duties - either by hiring a capable manager/maintenance person, or by getting a property management company involved. 

Purchase price: $330,000 Cash invested: $80,000 Buy and hold purchased with long-term goal of appreciation, and possible refinance when rates go down.