Most work this way Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV)100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.

Here are the specifics on the unit:Large Hangar For Sale $197,500 Hangar Size: 4,125 SF (55' x 75'), Construction: Steel hangar fully insulated with efficient natural gas heat.Lot Size: 0.19 Acre (8,125 SF) of leased landZoning: AIRPORT-L, M1-L,OSPR-L, PF-L23 years remaining on land lease.Hangar has an office, shower, gas heatSingle lift hydraulic 53' x 18' door200 amp service

The most recent comp to sell was 2114 Robinwood Ave, Toledo, 43620, which was converted to a Triplex and sold on 8/4/2023.Ensure that the purchase and renovation costs adhere to the 70% rule relative to the after-repair value (ARV), which is estimated at $250K for sound investment planning.Thanks for reading.

Postal Service address,Voter Registration Card,Federal and state tax returns, andDriver's license or car registration.Because it is the IRC - there are plenty of additional exceptions and caveats to be aware of.

@Sneha DeshmukhI think repairs and Capex are way understated. 

If you do decide to invest in Florida, it's a good idea to enlist the services of a reputable property management company to help with tasks such as screening tenants, collecting rent, and property maintenance.It's important to manage risks when investing in out-of-state properties because it can be more complicated and may need local support from property managers, contractors, and real estate agents.

I have the money saved for the rehab but I would apply for a loan to cover the majority of the rehab and use savings for future repairs. 

With most people having their own streaming services, we don't plan to pay for cable.

I know of some options where you can go to non-traditional lenders and use a DSCR (debt service coverage ratio) loans and you may be able to leverage that money and not have to rely on your credit to get approved.      

Send me a dm and ill give you my website so you can check out some projects we have done and the services we offer.