With strategic upgrades and modernization efforts, these properties can be transformed into sought-after residences, thereby increasing their value and rental potential.LOCATION, LOCATION, LOCATION – These Condos are often in prime locations in established neighborhoods, providing a sense of authenticity and charm that appeals to both residents and tourists.

Sustained maintenance costs that are higher than anticipated increased occupancy and nightly rates.

If you're going to use the money for a long-term investment I would go with a standard 30-year fixed mortgage.

Putting your real estate holdings within an LLC might protect your personal assets in the event that you are sued for your real estate endeavors.Before putting their property into an LLC, some investors choose to wait until it has increased significantly in value or developed a sizable amount of equity.

With standard construction you can do anything and everything you could imagine.

If go the trad financing route and put 20-25% down on the 1st property, then rehab it to increase the ARV, how will you have enough cash to then buy 2nd property? 

I was thinking that things will probably continue to appreciate and the area will continue to grow and was looking at the investment leaning towards more value increase overtime and not something that's a hardcore cash flowing investment.

I increased the rents as well as spruced up the curb appeal.

Put together a proforma and determine whether the deal will cash flow to your standards.

Providing this information upfront can help to ensure that the appraiser has all the necessary information to provide an accurate appraisal.Overall, by focusing on cost-effective upgrades and providing the appraiser with the information they need, you can increase the chances of achieving a favorable appraisal that will allow you to be front-end profitable on your rental property after refinancing.