Most HML lenders cap at 75k-100k minimum (with some going as low as 50k but I personally don't know one that can do 30k).

@Derrek J HooymanI'd personally wait til after the tenant moves out again so that you have a clean slate to work from.I feel like value add recommendations have to come from you or your realtor...aka someone who has seen the property and ran the numbers. 

There are some indications that they may not sign, some personal family stuff that I don't want to get into. 

U would be tresspassing if you go on the property.. although me personally I never let that stop me. 

I personally recommend looking into the Columbus OH market.

made an offer on a property only to find out later that one of the units was going through an eviction.tried to extend our inspection contingency to no avail to buy us some timeended up not being able to come to terms on how to proceed with sellerthe last HOUR of our inspection contingency the seller offers to try and buy out (cash for keys) the tenant the next day (he had a property manager handling the eviction and wasn't even aware of it initially).i get a (risky) oral agreement that even though the contingency window had passed, if the plan falls through my client will still get their EMD back the next day the seller ends up buying out the tenant for a bit over $3,000 and now we can move forward with the deal without the headache of a problem teanant/ picking up an eviction.

Personally, I find that buying is usually quicker and cheaper upfront, while building offers customization but requires more time and coordination.

Apparently, the first person from the bank did not review my financials. 

They also may want to get a handle on how many rentals in general there are. 

Personally, I invest in Memphis, TN for 2 reasons: 1) I believe it is the best market for real estate investors for all the factors mentioned above. 2) I live here and if investing in my own backyard of Memphis is a great idea, why would I go anywhere else?...