I am trying to figure out the best minimal risk strategy for my next rental investment.Pls see below.

My apologies for the delayed reply but wow congratulations on your new home!

I brought in a top GC to run the renovation of the project and as the operator of a property management company with over 75 units under management (mix of retail and residential) I'm able to help design its future state to maximize revenue and minimize costs.

If you have extra cash (or can get some from selling/pulling money out) you might ask around and see if any lenders you know will do delayed financing where you buy with cash and fund the rehab up front but then quickly turn around a get a cash-out refinance without the typical seasoning period.

That new payment does not leave much room for unexpected expenses, but assuming you did a renovation you may be expecting minimal repairs.

Hey @Scott Dixon Sorry for the delayed response,1) Do you currently own these condos and purchased the properties contract for deed?

Portfolio loans can do with less seasoning time but you will pay for it with a slightly/moderately higher rate.If you paid cash you have another option called “Delayed Financing” that will allow you to pull out purchase price plus closing costs.

The goal should be maximal after-tax gains; NOT minimal taxes. 

Plumbing suprises delayed us a bit.

. - Minimize cash upfront as much as possible, particularly with rates as they are- DIY what you can, but pay local pros where it saves time and backache.