Time is money, and delaying a renovation often means lost rental income.

The market is ALWAYS changing but I know at this time, seasoned investors are getting 80% LTV on DSCR in the 6% range and 90% of PP/100% of renovation if total loan does not exceed 75% of ARV for FixNFlip loans. =)  

Having reasonable expectations, hiring a local professional (Realtor or PM), doing your research, and doing everything right (i.e. pro photos, professional design, good renovation, proper amenities and location, etc) are the keys to success in 2025.

The mortgage would stay under the seller's name.The buyer could then rent out the unit, renovate, etc. to increase cash flow or make more money.But aside from a possible "due on clause" being called by the mortgage company, what's the benefit to the seller?

I would want to make improvements to all units and increase the rent to market value when the renovations are completed.

For example if one partner brings the 20% down payment and the other will do the labor for renovations then what would be a reasonable split be.

He had already been working with another agent for some time, but he was willing to give me a shot.Over the next few months I earned the spot as his go-to agent, selling him one or two homes a month and helping him find tenants after the renovations were complete.

How much does the $500k renovation add to your property value?

House hack another property with a low down payment loan and use the remainder or the proceeds to either renovate or purchase another investment property?  

I purchased and renovated a house with a separate legal mother/daughter apartment that I am preparing to Airbnb here in Central NJ.