By identifying the right buyer within our network and streamlining the transaction process, we added value without requiring extensive renovations.

I ended up working my father into other areas of my acquisitions (inspections and renovations) along with several other family members oddly enough.

I was thinking about getting the property, renovating it, and then cashing out 80% of the ARV to get some of the money back.

Please, no solicitations.Use the renovation/acquisition loan products that require 10% down on the purchase and you should be able to get a few going at a time.

- Are you open to value add / renovation deals?

Many are buying properties, doing minimal renovations to keep their crews busy, and selling with small or zero profit margins.Cash buyers are a priority.

I would keep as much liquid as possible and essentially get you to 20% equity or more by renovating the property. 

It's mostly Class A properties, a few Class B.You may find the below copy & paste info useful in addressing your question:----------------------------------------------------------------------------------Recommend 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?

We've also learned that we don't want to do major renovations if we can help it--too hard with little kids so we buy properties that are essentially turnkey.If she isn't sure if she wants to do it, then propose to start small and see how it goes. 

@Caleb Brown -Thank you--the place was purchased early last year by current owner and completely renovated.