I am simply trying to offer a solution that is fair to both parties that allows the property to stay in the family.The biggest problem is they are having trouble refinancing the property due to credit balances.

I challenge you to find a single reputable source that shows otherwise.I then advocated for all newbies start close to their home market.I stand by my remarks and challenge you to show one statement to not be factual.  

However, rezoning now could still offer some advantages depending on your long-term goals.

@Susan Tan you may also have lending options in the Houston area that offer 100% LTC financing for rehab projects.

We got one offer late last year, still listed for sale but content to keep operating and cash flowing Lessons learned?

We don't even a Board yet (it's a new build), and it's all being coordinated by the HOA management company for the building.The developer offered to make the new door key fobbed on each side for entry, and would install a new security camera. 

It wouldn’t work in a red hot market like we had a few years ago where everything was selling super fast, but in todays market there isn’t as much urgency to see properties and get offers in immediately.  

I chose at the time to decline their offer.

You can offer to buy the upstairs residents an area rug, but I wouldn't force it on them.   

If you can show that the numbers work, you can get 100% of the purchase and rehab covered.The key is finding lenders who work with new investors.2.Partnering with Experienced Investors– If you don’t have capital, you can offer your time, effort, and hustle in exchange for a piece of the deal.