Assuming that is the case, I would prioritize entitlements over paying off your existing mortgage.

I have spent the past several years studying market trends, analyzing potential investment properties, and building a network of industry experts.I'm specifically looking for a fellow investor located in the New York area who is interested in collaborating on initial buy and flip projects.

Purchase price: $135,000 Sale price: $165,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Seth Choate, successfully completed a quick flip on N Orchard Knob Ave, Chattanooga, TN.

I help engage brokers to find new locations, complete due diligence on prospective locations, and collaborate with landlords to ensure we are on-time with our contractual obligations. 

Prioritize your financial stability.

If each building belonged to a different owner, the only thing that they would have to collaborate on is, obviously, the courtyard (gardening, each side has it's own sprinkler system) , the intercom (about $120/month for the phone line), and the parking area (needs resurfacing).  

I self manage all of mine in Indy and would be happy to chat about collaborating.  

Then use that report as a guide to what else really needs fixing.Also, use this guide to prioritize repairs:1) Health & Safety issues2) Property Preservation3) Goverment Required (S8 and city inspections)4) Marketing negative impact5) MiscellaneousAlso, keep in mind YOU are NOT living in the home!

I’d love to discuss more about this and maybe even collaborate on a project down the line!

Partner with Other Investors: One option is to collaborate with other investors or partners who might be willing to put up the EMD in exchange for a portion of the profit.