Renters want to be excited when walking a unit to potentially.

These records can give you a clearer picture of how well the building has been maintained and any potential expenses on the horizon.To address concerns about issues like a deteriorating foundation or sewer problems, ask the condo association for documentation related to past repairs and maintenance.

Just to throw some numbers out there,  If it costs about 45K to rehab and rental income should be about $24000 a year.

Not everyone understands the concept of pledging note as collateral for a loan so it won't be easy to explain to your potential private lender if they are not familiar with concept.

Don't underestimate the revenue potential from this property as a STR. 

I found a good deal that I really like for $160K, which has excellent cash flow potential.

If not, can you take advantage of a syndication that plans to purchase a property by the end of the year and do a cost segregation? 

This creates two loan payments ($100,000 of equity and $300,000 on the new mortgage).Key NumbersHome Equity Loan Interest Rate: 6%Mortgage Interest Rate: 7%Rental Income: $3,000 per monthExpenses (management, taxes, insurance, maintenance): $800 per monthIncome and ExpensesMonthly Rental Income: $3,000Monthly Expenses: $800Monthly Mortgage Payment: $2,000ExplanationThe investor earns $3,000 in rent each month.They pay $2,000 on the investment property mortgage and $800 on other expenses.This leaves $200 profit each month or $2,400 per year.However, you have to pay $6,000 interest on the equity borrowed.This leaves you with an annual loss of $3,600.This example shows that while the rental property generates positive monthly income, the interest cost of borrowing the initial $100,000 results in an overall annual loss.

I’ve received some very favorable estimates in cost and timeline for the plans I had created. 

I'm now looking to replicate this success and welcome potential investors to reach out for further opportunities.