I'm thinking of offering $450K (cash and bank loan), make improvements as leases end, and then refi and increase rents as necessary.

Actively marketing the property and handling tenant relationsCost Segregation: allows you to accelerate depreciation by breaking down the property into different components, such as personal property (appliances, carpeting, etc.) and land improvements (landscaping, parking lots, etc.), which can be depreciated over a shorter period typically 5, 7, or 15 years rather than 27.5.

With things like the ONE Linden plan in Linden, which is a 50M plan to improve the neighborhood.

Its size and layout make it ideal for long-term cash flow, and the demand for updated housing in Drexel ensures strong tenant interest once improvements are completed.

Planning phased improvements—starting with quick repairs for immediate cash flow—helps fund larger projects like ADU development.

It has significantly improved our efficiency and lead quality, and we couldn't be happier with the results.If you’re interested in learning more about it, feel free to reach out, and I can connect you with the contact at Adforce.

Olde Kensington is seeing improvement and even has some of the best local restaurants.

Pretty much you buy a property, then quickly sell it to another buyer without making any significant improvements or repairs.

Quote from @Yimma Davila-Castro: Hello,I am new, and I did the house hacking and got a few houses, but I am starting solo and would like to learn more to increase my house portfolio and improve my finances Welcome:  I started with a duplex and went owner occupied for a year. 

For the home loan, if assuming it isn’t an option with your current income, you might consider using some of the cabin sale proceeds as reserves or paying down debt to improve your financial standing.