I get the whole appeal of the Trump approach - burn the whole thing to the ground and regenerate the forest.

During the renovation phase, adhere strictly to the scope of work and budget, conducting regular walkthroughs to monitor progress and ensure quality.As the project nears completion, prepare for sale by staging the property to highlight its best features and create buyer appeal.

They are lawyers so can appeal through the whole process essentially for free.

While preferred returns sound appealing, they are often not realized as monthly cash flow.

Definitely what I was thinking and sounds like it can be done. 5.25-% rate on a 1.2$ house is definitely more appealing and opens doors up as opposed to 6.7+ rates.  

I didn't say it was JUST an idea, I just said that the idea is appealing to new investors who don't have a lot of capital.

Enhancing the property's curb appeal and ensuring well-organized financial records contribute to a successful sale.

You might want to start investigating methods for locating off-market opportunities that appeal to you.

If there's a dispute on the disposition, having visual evidence of what you're asserting is really important.

@Jewell ArceneauxFrom my experience, focusing on impactful upgrades like kitchens, bathrooms, flooring, and curb appeal yields the best results.