The best advice you can get is to talk to a professional who knows your entire economic picture and let them advise you on the best course of action.

Within our smallest budget yet we added square footage to the basement, a big third bedroom in the attic and loads of goodies in the kitchen including a custom island we built and quartz countertops we cut!

Purchase price: $235,000 Sale price: $450,000 Contributors: Michael Lee Another successful Fix & Flip completed out in Monmouth County, NJ.This project was a success and a great learning experience working directly with the Buyer to customize the property.

FHA 203k is out the picture (credit just below minimum)ThanksThanh

What you want to have is enough completed that it doesn't look like a total construction site when you take pictures or bring people through. 

I myself just buy in my personal name - as long as I am insured - treat my tenants like customers and abate any violation issues and have empathy for my tenants who are good people with some financial issues - usually I don't have any serious problems.

I will need to replace cabinets or get drawers custom made, and have space professionally cleaned.  

I have had customers come to me and say "Hey, ole so and so says he can do it for this much." 

In looking at the area and the pictures, this property is a good deal nicer than any of the small multifamily properties in the valley, and it is also cheaper than most of the rundown duplexes in the area. 

@John Vu glad to see you've got a picture now LOL.