@Peter Shah Depending on what you use the $200K for there may be ample options to save some of this money for a couple of years and then use those savings to fund your next deal.

The inherited house is in a coastal town but I'm hesitant to do a short term rental as it needs quite a few updates (kitchen and bath) to make it desirable enough for a STR and I have no capital to do that.

I’ve seen this exact document get updated several times but this is a first!

We are also redesigning and updating both bathrooms.

Some owners think twice before updating furniture because of the steep inclines and many stairs climbed to get into the home!

Both of those properties are older and may present opportunities to get in at a lower cost since you are willing to do the updates yourself.I would suggest if you are going to go with more moderate theming, a larger house will suite you better.

A little more updated and detailed. 

Same strategy -> Let the data drive decisions (include updated tax, interest rate, rent numbers, etc.)2. 

I agree that the updated ceiling fan will make it pop but am worried that the black would be too much or cut the room up.  

Im a new wholesaler and ive got my eye on a sfr thats listed for 265k free and clear owner, the whole inside is gutted so all it needs is appliances tiling/carpet, countertops etc... outside is mint and updated already.