It's best to have the funds go straight into a clean un-used bank account/ don't intermix with your primary checking account. 

@Jem Thompson I am going to give it to you straight, coming into the Mpls market, going from 0 directly into multi-unit housing, is of the absolute HIGHEST risk level and stands a near 100% certainty of running into some significant financial impacts.

The sub-markets of any city are where you are going to better pinpoint cashflow v appreciation although the greater metro market indicators are still important.For example, there are neighborhoods in columbus (the higher appreciation city, typically) that will have little or no appreciation and just straight cashflow just like there are neighborhoods in cleveland (the lower appreciation city, typically) that have great appreciation potential because of sub-market trends.  

When you find a property that hits your criteria and you physically walk the property, go straight to the basement…it can tell you a lot.

Ended up buying a jetter hose and tip for my pressure washer and going to town on it for 30 minutes straight.

Those are just a couple perks of being able to plan ahead and why it's worth waiting for with new builds.

An experienced agent and lender that sit in that niche will provide you a ton of education, and then help you plot out a map for the road ahead. 

Hi Pretty,There is absolutely no way to know ahead of time if you will recover the cost 100% or even 1%.The choice might come down to how much you and your wife want to have this very desirable bathroom vs the one that is in there now.Getting your money back on it in a new-ish suburban home is just unknown upfront--I'd say this purchase is more of "Personal Desire" purchase than a hard nosed business purchase.Although it could turn out at sales time to being some added sale price...

If you don't close, there's no harm done, and you'll have a head start on filling your rooms when you do. 

But I would argue buying with a lower down payment to try to get ahead of inflation and hoping revenues stay at 2021 levels or continue to rise isn’t sound investing.Now if you run numbers based on 2019 revenue projections and can still comfortably cash flow with a lower down payment.