These updates included essential repairs and improvements to enhance the property's appeal and functionality.

You might want to look into spending some of those funds on a program to learn more about apartment investing.  

We're not a Quicken Clone, loan advisors are experts in all manner of programs, "blending technology with a handshake".Quick highlights - 1-4 unit, business statement loans, down to 660 up to 90% CLTV and more.

First, we invested $25,000 in targeted repairs and renovations to enhance the property's appeal and functionality.

But, then had: - Late fee splits- Pet fee splits / collected by PM- Leasing fee of 50% for new tenant- Renewal fee- Service fee for work done on the property- Higher fees for certain tenant conditions- Receives all interest on trust accounts- Full page of admin fees including resident liability program, benefit package, pet initiation fee, credit reporting fee, tenant lease renewal fee (in addition to renewal fee charged to landlord), lease draft fee, application fee, utility concierage service fee, legal notice service fee.

How much did the program costs?

They typically have access to hundreds of companies' rates and loan programs and can provide some programs you may have never even knew existed.I'd love to connect and talk sometime!

Most lenders will require a 20% down payment on an investment property, although there are some programs that will allow a 15% down payment.

Is this just a function of low inventory, high interest rates, and high taxes? 

And most require FULL DOC programs to mitigate any credit-risk on their part.