Does anyone have any ideas on how I can run the numbers on this option so that when a decision is made, it is backed up by numbers?

Above is picture from original listing purchase. Our plan is to add a shower. The issue is the plumbing running from the center floor connecting to the old bathtub. We also are considering closing off the brown door ...

The primary reason I am looking into this option now, is to prepare for future scaling as well as prevent items from falling through the cracks.

Check in with @Joseph Chiofalo for low down payment and strong investment property loan options.

If the damage was storm related homeowners insurance might be an option?

In the end, there could be a cost to any way you sell the home, I would just look at all options to see what fits your needs the best. 

Fortunately, all three inspectors (from different departments) were very supportive and one inspector even stated they will not return, even if another complaint is filed.I want to offer a cash-for-keys option, but since the tenant's attorney is from a nonprofit, I feel she will fight for her tenant to stay.

Here are some tips and insights to consider as you begin building your real estate portfolio:Options:Refinancing: If you have equity in your condo, consider refinancing to access funds for future investments.Investment Loans: Explore options like conventional loans for financing future rental properties.HELOC: Depending on your equity and financial situation, a Home Equity Line of Credit (HELOC) could provide flexible financing for down payments or renovations on new properties.Build a Financial Strategy:Budgeting: Create a detailed budget that includes mortgage payments, property taxes, insurance, and maintenance costs for your rental property.Cash Flow Analysis: Calculate expected rental income versus expenses to ensure positive cash flow.Emergency Fund: Set aside funds for unexpected repairs or vacancies.Research the Rental Market:Location: Choose rental properties in areas with strong rental demand and potential for appreciation.Tenant Profile: Understand the demographics and preferences of renters in your target market.Market Trends: Stay updated on rental market trends and local regulations affecting landlords.Property Management:Self-Management vs.

I expect the cash flow to be barely negative/breakeven initially, and then sustainably positive by year 3, and then slowing climbing positive from there.

I’ve started this journey with the end in mind (positive energy only) 😊