It’s an uphill battle with the city; many investors can look at this and see that this only forces appreciation and get in even though the cost to play is high.Hope that makes sense.

I think it should appraise for at least 600k and think 650k is reasonable.It’s fully renovated and fully leased for $5,200/month.I’ve reached out to banks to see if I could use cross collateral to be my equity contribution but at least so far they’ve also wanted 10% cash.I’d like to avoid coming out of pocket with cash.I was wondering if you had creative ideas on how I might be able to get this financed 💗

Unfortunately, I couldn't purchase it this year but I just need to keep saving, analyzing deals and at some point I will be able to purchase it. 

The expenses are very high on this property for various reasons.  

Networking at this time can only be done by phone.

Could you share some tips on how to find the builders or is there any platform that I can use to reach out to multiple builders to get quote once the architectural drawings are finalized?

Quote from @Dennis Knapp: I Have one double that I live in i bought as an investment just to help pay my mortgage.

You take a short class 30 minutes over the phone and once you finish this process you typically can save around 1% off your rate!

Always formalize the agreement in writing to define costs, profits, and contingencies clearly.Let me know if you need help structuring the deal or exploring funding options.Best,Drago

But there is a terms and conditions saying they have 30 days in order to payout so I knew it could take some time.”Hope this info helps!