As I've come to terms with this I have taken the last five months to regroup and really think about the future which brings me to my post and what I'd like to get the communities opinion on.I successfully negotiated and acquired one of my duplexes in 2017 that I nearly have paid off (note balance is $54k, property value $230k).

However, there are other loans designed for fixer uppers referred to us hard money loans, bridge loans, or fix and flip loans but whatever you want to call them they're essentially short term, interest only loans with no prepayment penalties designed to finance a higher % of your purchase price and typically all of your renovations not to exceed a certain % of the ARV (typically 75% max). 

The long hours and dedication will pay off as you learn the ropes and prepare for your first investment.

Long-winded post, but I hope that this helps others.  

I'd also think about long term-do you want to share your property with tenants and how will it affect resale value down the road? 

I'm not sure if the program is still going on, but has definitely revitalized a lot of the area when it was once destined to follow the way of other older cities that are aging out of existence both in terms of people and property. 

@Parmesh P. there is no such TDA paying 7% or even 6% long term,5 years or longer.

I would like to add 2 - 6 container living houses for short, mid or long term rental.

I am a long term hold investor so that would likely be my play.Good luck Sean!

Cash invested: $40,000 Sale price: $205,000 Strategic Market Pivot: From Long-Term Rental to High-Yield Fix and FlipThis property was strategically transitioned from a single-family long-term rental (LTR) into a fix-and-flip project after analyzing market trends and identifying a pivot that would yield better long-term returns.