Quote from @Mike Levene: contractors should give exact quotes, come in give you a full detailed list of how much it will be to cost for labor and materials broken down.

Check out FilePlace (linked at the bottom of every page) for free user-created resources.🛠 Tech issues?

You could structure a low down payment with interest-only payments for a set period, then refinance later.Master Lease with Option to Buy – Control the property now, generate cash flow by leasing it, then buy once it's stabilized.Sub-To or Wrap Mortgage – If there’s existing debt, you might be able to take over payments or structure a wraparound mortgage to benefit both parties.Hard Money or Private Lender for Reno Costs – If you secure a seller-financed deal, you can use private or hard money for the rehab without tying up your own capital.BRRRR Strategy with a Bridge Loan – If you can get the purchase price down, use a bridge loan for acquisition and rehab, then refinance with DSCR or conventional financing.Would love to hear more details to help structure something solid.

Crystal Garza is a Realtor in San Antonio and she works with a mortgage lender and they do really good work send me details

If you still have questions, please feel free to DM me and I shall share her contact details with you.

So, there's more than one way to create more cash flow than refinancing:-). 

Given the tax and legal complexities, consulting a CPA and estate attorney is highly recommended before making a decision.This post does not create a CPA-Client relationship.

What about something like this: https://www.realtor.com/realestateandhomes-detail/1328-Ridge...?

- the property is based in Garfield Heights - and that my property tax will be much higher.More details: https://brickbear.ai/share/deal/1/583 Define "area not that great"......It's a high C type area.

Always consult with a tax professional or SDIRA custodian before making changes to avoid triggering unintended tax liabilities.This post does not create a CPA-Client relationship.