Purchased for $69,000, I tackled everything from a new roof to interior updates, transforming it into a move-in-ready home.After months of surprises (and a few headaches), I sold the property for $145,000.

By year end I will tackle a MF, value add with my son that would be sweet if we can swing the coop/tic (handling the finance challenges is the hurdle) so he ends up with a unit at below 50% of retail.  

This convenience and leverage can justify the higher cost of these loans.Personally, I prefer using a HELOC because I only have to apply once and can then tackle one or two projects at a time.

One of my close friends in the busines had a similar setup.. her husband was also a contractor, and together they tackled a fixer-upper that ended up netting them a solid profit on their first deal.When you’re hunting for the right property, I’d lean on a realtor who really understands investor math... someone who’ll help you break down potential cash flow or resale value.

Are you doing the work yourself or what is your plan on tackling the operations? 

@Linda Weygant Yes agreeing with @Montse C. here that this first needs to be discussed by the governing bodies and most likely will get tackled or at least in part tackled as it makes no sense.

I’d love to hear how you’re tackling tax prep and if tools like Baselane—or any other solutions—have made a difference in lightening the load. 

The house needed significant updates, so we tackled the kitchen with new cabinets, countertops, and appliances.

This property was in rough shape, so I tackled the essentials: new roof, plumbing fixes, and updating the interior to make it livable again.

Each market—whether it’s Cleveland, Cincinnati, or Columbus—has its own quirks, so digging into the local scene is huge.If you’re serious about tackling Ohio, I’m happy to share what’s worked for me or help point you in the right direction.