It will cost less than $150,000 and will need moderate renovation work.

I am currently renovating it and we plan to when i am done to transfer the property to my buisness name. what would be the best route to go.  

Here's a breakdown of the situation:Current Occupancy: 80% (16/20 units occupied).Current Gross Rent Roll: $14,265/month.Market Rent Potential: $17,665/month (100% occupancy).Renovation Needs: 15 units require full renovation ($10K/unit), 4 units are 75% renovated ($2.5K/unit), totaling $160K in renovation costs.Vacancy Loss: $41,820/year in lost income due to current vacancies.Cap Rate AnalysisThe seller lists the cap rate as 9.59%, but this is based on the projected NOI of $119,858 (assuming full occupancy and market rents).

Others recommend tools like Stessa or Buildium to track actual costs and project future expenses. 

Even with renovation costs and insurance costs the fix n flips are still making money.  

My budget is slightly constrained for this first property so looking to save on purchase price and hopefully add value through renovations.

With the hotel we're currently doing or on any other projects he can create an IUL.

What is the average renovation cost?

How many projects are you trying to take on in your first year? 

It all started with removing some interior walls and changing the floor plan, removing a chimney, adding a bedroom and bathroom, installing patio door to the backyard, and completely renovating every other interior element What was the outcome?