Hoping to place tenants on the first floor as close to move in as possible (1st floor unit is modern and doesn't need any work), then quickly make the repairs on the 1 bedroom unit to update and turn into a 2 bedroom and get that rented as soon as that is done.  

My Brother in law has a company that does this and hand full of realtors have him on speed dial 90% is pipe burst done in a few hours 7 to 8k per..

In a total package deal for a single family or multi what do you look for?

Structuring your lease in this way would benefit you by 1) locking in a longer term contract to avoid turnover costs and vacancy loss; 2) it moves your lease end date out of the winter season and into spring/summer of 2026 so it can be more easily marketed and re-rented to match the seasonal demand cycle; and 3) it avoids any upset/angry tenants who may have been incorrectly assuming their rent was going to stay in the $1,200 range after their first 6-month lease term.Would love to hear any updates you have on how this one shakes out for you though!

He ended up finding an eight-plex in a growing neighborhood that’s now practically printing rent checks for him.

Then compare that to median sales prices in a given zip code.

So let's assume you have significant enough equity in a property to pool together a reasonable amount of starting capital.  

When I worked with a friend in a similar situation, they ended up splitting the difference by moving forward with the 1031 for just one property instead of two.

Hi, I know someone who can do it in a daily basis.

Yes, because Private Money infers that you are in a negotiable deal where your project can be outside the box and you can negotiate unique terms with a private individual - that - or a big box lender with strict rules and guidelines.