Additionally I would suggest having the long term financing relationship built so that they can easily transition the deal after renovation. 

When was the renovation done? 

Let's say you borrow $100,000 to pay off your $50,000 IRA loan, $25,000 on credit cards, and keep $25,000 for finishing renovations.

@Kaleb JohnsonRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Personal loan for renovations How did you add value to the deal?

Brewerytown and East Passyunk could also be worth exploring.Big projects like Bellwether can boost neighborhoods, but they often take time to show results, so don’t count on them as a main factor.

Purchased on 4/19/2024 for $20,000, we invested $45,000 in strategic renovations to transform the property.

Renovations can cost more than you expect, add 10% to your overall number.

I reached out to another GC, and he said the same.The project itself isn’t complex, but I planned to redo the wiring, plumbing, and remove some walls.

Depending on the age of the house, even if "fully renovated" it may not have any or enough insulation.