The interest rate is generally about .5-1% higher than an owner occupied property, but still generally lower interest compared to a commercial loan.

I want to renovate the bathroom in the apartment to install a ceiling exhaust fan and new sheetrock/paint.

With businesses and prices more geared to that type of person- than an income challenged person???

Because it's impossible for a deal like that to make sense for anyone other than an end buyer.

That's how this country was built, sure.You people have exhausted me.

When investing in an area out of state where the numbers leave room to delegate those task to professionals it's often even more hands off than an in state investment. 

Again, it's cheaper.Once you've gotten your DTI squared away and exhausted your ability to use conventional financing, you should start looking at owner financed deals and/or renovations (if you're handy or can employ people that are). 

It can be be a valuable back up plan should a 1031 plan fall apart and it provides more investment flexibility than an OZ might.Give it a google.

Being an entrepreneur is different than an investor.  

There are several reasons that quite often, an individual can't do it cheaper than a turn key company.Turn key companies are buying much cheaper than an individual because they are 1. paying cash and 2, they are buying further upstream at auctions, tax sales etc.Their renovation costs are much lower.