Purchased on 2/1/2024 for $58,500, we invested $55,000 in renovations to enhance the property’s appeal.

Renovated Hey @John Perkins, welcome to the BP Forum and nice work!

I would keep as much liquid as possible and essentially get you to 20% equity or more by renovating the property. 

Lots of older houses but there seem to be several that have the potential for cash flow and while not exactly modern on the outside, have been renovated inside. 

Our business specializes in acquiring undervalued properties, renovating them, and turning them into profitable investments.Why invest in the Netherlands?

Advantages include reducing your living expenses while renovating and potentially being eligible for the capital gains exclusion if you live in the home for at least two years.

Even with the renovated units it does not appear that there are enough prospective tenants to make this worth your while.

I love that you have specific goals for 2025 - I believe if we think it, write it, say it, and share it our goals are 10x more likely to come to fruition.Are you able to do option 2 and just house hack a 2-4 unit building and use a renovation loan which allows you to put down 3.5-5%I highly suggest getting to some local chicago meetup groups (we have an in person one on the 17th)...here is BPs list: https://www.biggerpockets.com/forums/521-real-estate-events-...I also have a full list of the chicago meetups that I can share with you too if that'd be helpful.

By the way, my company can likely finance your deal with 10% down on the purchase (90% LTV) and 100% financing of the renovations.

For instance if you buy a duplex and plan to significantly renovated it.