Here are the numbers: Owed: $75,000Appraised Value: $245,000 Home Comps in the area: $1.5 Million I assume we would need to take title as tenants in common with 50/50 ownership? 

Some may have minimal rental periods.  90 days is fairly common.   

Shampoo and Conditioner seem to be pretty common.

I agree that it's harder to manage by the room logistically (roommate dynamics, common area cleaning, etc) but it is allowed. 

Kudos to you.I think the recommendations for zillow, facebook, and apartments.com are very commonly suggested. 

Property has low maintenance ratio due to the recent improvements done at the property (common areas and many of the interior of the units).

Literally. as well... water shut off for 6 moths is common with properties that ....have been on the market for six months.    

Biggest downside is that they have a prepayment penalty, so that's something you'll want to consider if you think you might want to refinance in the next couple of years. 3-5 year penalties are common, but you can choose to buy it down to a shorter period of time if you'd like.

Here are some common financing options:Traditional Mortgage: Obtain financing from banks with a down payment, paying off over time with interest.Hard Money Loans: Short-term loans with higher interest rates, often from private investors, suitable for quick acquisitions or credit-challenged investors.Private Money Lenders: Individuals or groups offering direct loans, with terms negotiated privately.Seller Financing: Buyers make payments directly to sellers over an agreed period, with terms negotiated between parties.Home Equity Line of Credit (HELOC): Borrow against existing property equity with a revolving credit line, typically offering flexibility.Real Estate Crowdfunding: Pool funds with other investors via online platforms for various real estate projects, offering diverse investment opportunities.1031 Exchange: Defer capital gains taxes by reinvesting sale proceeds into similar properties within a specific timeframe, useful for tax optimization.REITs (Real Estate Investment Trusts): Invest indirectly in real estate through publicly traded companies, offering liquidity and diversification.Joint Ventures/Partnerships: Collaborate with other investors to share resources and risks, leveraging each other's strengths for larger projects.Subject To Financing: Buy a property subject to the existing mortgage that's in place on the property (doesn't get paid off when the property sells).Assumable Mortgage: Buy a property and assume the mortgage that the seller already has in place.Lease Option: Rent a property with the option to buy it prior to a later date.Debt Service Credit Ratio (DSCR): A loan approved based on the income potential of the propertyThese options cater to different investor needs, preferences, and financial situations, providing flexibility in real estate investment strategies.Thanks,

Get your paperwork ready and get prequalified - start by having coversations with lenders and ASK ANY QUESTION you have (don't worry if you think it doesn't sound "smart") so that you get familiar with language terms and common questions they have.