i like @joel owens stepped up cost basis adviceHowever, because you want to add to the lending side of your business, maybe the best strategy would be a blend of both.

You will surely get your question answered are directed to a place to uncover the answer.

If the details can be worked out.We have already determined that a fix-n-flip or wholesale are way out the window due to numbers, but potential for cash flow exists, particularly if we live in it for a year or so and get it updated (which, BTW, works into our bigger life plan).Numbers:Condo, 2-story, 3 bed, 2.5 bath, about 1200 SF, parking included (1 spot covered, 1 uncovered); on a tidal inlet, 2 blocks to downtown, yet secluded and quiet.

It's a blend of financing that you might consider in starting out.

I think Suffolk might hold a different culture and there is more I need to uncover before I proceed.

Ten years ago, the peninsula was a great blend of resorts and natural beauty.

Find a stud to screw the rod into if you can, or if you can't consider opening the wall and adding a horizontal 2x4 brace to screw it to (depending on how much you want to harden the unit) then blend the opening back with the wall. 

All those brokers not wanting to deal with me when real estate is hot will be contacting me with deals when we’re in the other side of the property cycle.When I think of the term “retracing” I’m inclined to think that this actually refers to buyers who never intent to pay the initial agreed upon price even if their due diligence uncovers nothing that detracts from property value or profitability.  

If you can blend AirBnB into the rental mix, you can get a good bump on your income. 

If a title company is involved in the process, they should be able to uncover those clouds, like you said.