Renovations are almost complete and will be looking to rent out a unit.

You'll learn a lot just from starting out like that with little to no experience at all (cosmetic renovation cost, managing current tenants, leasing out a unit).

Despite no additional renovations being necessary, our efficient strategy and swift turnaround led to a same-day sale at $225,000.

I have extensive experience there doing about 500 deals , thousands of repairs/ renovations and move in and outsAll the best 

I lived in and renovated or renovated and rented.

@Joe Gellenbeck 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 Class A property in Class D area, what quality of tenant will you get?

Are you planning to do any renovations?

I would say that the value he brings is finding the deals, doing an initial diligence, having a local team set up for renovations/repairs/property management as well as knowledge of the neighborhood.

First, they allow you to make lower payments during lean times, such as during remodeling, vacancies, or when you need to qualify for a loan before completing a renovation.

Most rehab loans offer 85 to 90 percent of the purchase price and 100 percent of the renovation costs.