This home has been cosmetically rehabilitated and it is ready for its new family.

This home has been cosmetically rehabilitated and it is ready for its new family.

We acquired it for $45K and put another $85K into the rehabilitation.  

I worked for a GC ( Father in law) with 40+ years of experience for 7 years before starting my own business so I am well versed in rehabilitation. 

The landlord seeks, in good faith, to recover possession of the dwelling unit that will render the unit uninhabitable for the duration of the rehabilitation or renovation.

@Nathan McBrideThere are many components when creating a qualified opportunity fund and investing in a qualified opportunity zone.1) You want to make sure you create a proper entity and self-certify it is a QOF2) You want to make sure the funds contributed into a QOF qualify3) You want to make sure you make a timely contribution into a QOF4) You want to make sure the property purchased is within a QOZ5) You want to make sure you do a proper amount of rehabilitation to the property and in a timely fashion6) You want to make sure you hold the investment property for atleast a specific amount of timeSomething you and your accountant can gameplan.

https://www.wave3.com/2020/06/26/louisville-metro-council-plans-rehabilitate-homes-promote-homeownership-poorer-neighborhoods/?

Aug 2019: Purchased distressed 20 units in Cincinnati, OH for $450,000 all cashProperty is 70% occupied with rents averaging $375/month, loads of deferred maintenance both interior and exteriorBegin to cure basic and necessary repairs for health and safety of the residents while we look for construction funding for the future rehabilitation projectOct 2019: Received term sheets that were satisfactory and began working towards the construction plan.

Part of the plan would be to update the place, enough to hopefully last for 20 years, at which point I could start over.I have partially chose this route over flipping because I think with a longer term outlook, I worry slightly less about the upfront costs, extensive rehabilitation and fees with short term flips. 

Should we have several  contractors give us estimates on the rehabilitations or talk to lenders to secure a pre-approval letter?