I renovated the shop house and rented it out.

I will have 50K to start and I'm open to turn-key or a fixer upper (I have some experience with cosmetic renovations).

Also, you'll want to look at value add opportunities with utility optimization, either a reno project to pass utilities on to tenants or some kind of billing system.

That said, I wouldn't let projecting rates factor into my decision as much as whether or not you want to pull the extra $$ out.

There will be renovation of the home that is $82,500 worth of renovation.

For example, on my own project.

Lastly funding developer who has 3 subdivisions going in WA DC market. these are big time deals and with our funds for the soft costs  500 k to 1 mil on each project my client is going to make  sit down  but probably over 10 million net  life changing money and well we will do good too !!

Just recently listened to a podcast on mid-term rentals specifically for traveling nurses but could also include corporate professionals or large-scale construction project workers.

It’s the easiest way to get a feel for being a landlord without the stress of managing rehab projects.

We talked about an aggressive paydown at a rate of $5k for the next 6 months to make the deal sweeter for the next person, but renting it would be preferable to that I believe since I can get a higher return on smaller development projects at a burn rate like that.