@Wave TaylorI purchased a turnkey 3 family home 10+ years back in a C+ area and even though most of the improvements had been done, there were still a few capital expenditures that had to be handled within the first 7 years.

At least 2,600 victims invested their retirement savings, totaling about $400 million.Shapiro siphoned off $35 million for his own benefit, according to prosecutors, spending $3.1 million for chartering private planes and travel, $6.7 million on a home, $2.6 million on home improvements, $1.8 million on personal income taxes, $1.4 million for his ex-wife, and more than $672,000 on luxury automobiles.Roseman received $2.5 million for himself and Acevedo received $1.1 million, prosecutors said.The Securities and Exchange Commission’s previous enforcement action in 2017 was settled in January for a total of $1 billion in penalties and disgorgement of ill-gotten gains, the agency said.

You should look for ways to mitigate your upfront costs as much as you can including securing the property itself.Bulk PurchasesIf you're renting from a property management company or a landlord with several properties that fit the profile and are in the right location then you can offer to do a bulk acquisition and to waive the security deposits and other costs.

Thanks for your professional input.Great way of giving advise to a beginner landlord that wants to improve his business.

Then run sold comps with keywords; renovated, updated, improvements.  

If you have already created an LLC, you should have a business bank account to manage separate books and start building credit for that LLC by opening lines of credit, credit cards, etc. in order to build the credit profile for the LLC.

The building should be maintained well CAM needs to be done and it needs to look good and be desirable  but taking a C Class to B Class or A Class can be expensive and not worth the costGetting good rents by reasonable improvments that are cost effective in my experience leads to more flow than a total gut. 

However there are nice streets even in bad neighborhoods and the only way a neighborhood improves is when people invest and make it better.

I had a higher profile real estate attorney tell me that if both sides are attempting/making an effort to keep a transaction going, meaning signing documents or other things to show initiative, then the deadlines don't necessarily matter..  

With your credit profile you could possibly find a broker with good connections that might be able to get you down another tenth +\- I have had a few lines offer as low as 4.15% in the last few months so I know it’s possible.