I want to rehab the whole exterior with new siding and trim. and remodel the kitchen and bath maybe get some new flooring in there nothing extensive.

Hello @Ryan White,I am based in El Paso, and currently hold units in the NE and Central area (Great for high CAP rates but you have to put some remodeling work).

About the house:-Purchase price: 285k-DP: 15k-Basement rental income to date: 22k-Fully remodeled on the inside-new roof, AC unit, kitchen appliances and furnace (4k out of pocket from me for upgrades etc)Any advice would be greatly appreciated!

Now I can allocate those funds towards remodeling the bathroom as originally planned. 

By purchasing a discounted property with cash and performing a light remodel, you are borrowing against your asset and with the right lender, you can get back 95% of your cash. 

@Jordan Sitzler Terms/names of your foundation are regional based on your location, but sounds like typical pier and beam to me.Level is out the window if you (or previous owners) have remodeled throughout the interior.  

Your total investment into this property is now $120 for the loan and $5 for the payments = $125.When you complete the remodel you will want to refinance out of that high interest hard money loan ASAP and hopefully recoup your $5.

@Stone Jin Looking for a complete remodel with an addition of a shower in the master, complete electrical and plumbing with one wall coming down to open up the kitchen.

Hello Everyone, I am New member here and I am currently remodeling a 2 Bed, 2 Bath house. 

I'm looking to remodel my first investment property.