Know the trends, the costs per project and needs of the buyers there.  

Cutting down timelines to not extend carrying costs Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Despite these challenges, the successful sale at $87,000 highlighted the importance of strategic planning, effective project management, and strong partnerships in maximizing profitability in real estate investments with Partner Driven.

If it is not completed by a certain date or certain cost etc. then you can take over the project.

I wrote this out pretty quickly so there may be some details missing / closing costs etc but looking for some feedback on what others have done or would do here.  

Get plans drawn and get estimates from subs to get a total cost price for property.

Given that it's almost a 50% increase from the existing rent price, you might want to set a timeline of 2 or 3 months before it taking effect so they can find alternative housing if they plan on vacating instead of staying at that price point.Another option could be to ask for the rent increase, but offer something in return.

I was thinking I can use those funds for the down payment and closing costs for turn Key properties in Ohio.

Hi Charlie,We can actually use the purchase price + completed rehab (Total Cost) as the value and lend you 75% of that right away.Happy to connect!

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!