In that asset class you are depending on things to save you that are trending against it.That said if the 30k completes a partial done rehab it might make sense but if it's a purely cosmetic one I would sell it now close to as is.

I am very close to closing out on my first rental property.

Inflating prices on seller finance sales is all too common.

Cloud, MN as it's close to where I'm currently living, as well as being close to a popular state university.

In regards to the sale of their homes, it depends on who owns the homes, how many years it has been their primary residence etc. as it may be eligible for exclusion from capital gains.You also have to take into consideration for yourself, depreciation recapture as well as potential capital gains on your rental property.

Because the Adjuster's fee is normally a % of your claim payment, you may want to get estimates of the rebuilding costs and see how close the proposed settlement is before you decide if the Adjuster is worthwhile.  

Palmetto Beach has potential, close to downtown with lots of development.

Surrounded by schools, close to hospitals and freeways. 

Good, that'll come in handy if I ever close on one of these stinkin' properties using my SDIRA!

However, if you plan to rehab at all, you will then need a licensed contractor to provide bids on each project you plan to rehab.You will then be asked to provide a proof of any funds to close, purchase agreements, and if closing as an LLC - most times documentation on that LLC.Overall, the larger number of units (5+) makes the lending process based more off the property than the borrower, contrary to traditional single family housing.I would recommend you work with a Loan Originator/Broker who will be the medium for you to the lender/s.