@Tevell Williams i live in Greensboro and know the fayetteville market pretty well... if the building is condemned you are going to need to install the sprinkler system which is extremely costly... this is a big jump from where you are in the game... just because they hold the note doesn't mean its a good deal... partner with a seasoned mixed use investor in your market.

During COVID with the travel restrictions, 90% are coming from the LA area.Once the "covid fever" dies down in the high desert, the properties that will most likely take the smallest hit in occupancy rate will be the exceptional properties on the higher end that stand out from the crowd.If you're looking for 90% occupancy which is exceptional, you're going to have to make an investment in an exceptional property and the price range for these properties is no less than $500k because you are either going to need a property that is close to the park entrance (Monument Manor, Upper Friendly Hills, and Panorama Heights which has hiking trails that head straight into the park) or a large parcel of land with interesting landscaping (boulders being the most popular) and these properties are generally priced in the $500k+ range.

Before you buy anything you're going to need to do a lot of due diligence.

They could soften the tone and correct grammatical errors that make it hard to read and you'll likely get a better response from the tenant.

@Vince Padalino I am starting off in the Elizabeth area and probably making a mistake trying to manage this duplex myself but more to the fact I am going to need to replace the heating system (steam boiler), do you have any companies that you can recommend for this work and or HVAC? 

If you're going to do it, then you're going to need a super-specific lease that strongly states that the tenant only has use of the property Monday-Friday and if she has not vacated the premises by some time (midnight?)

In Ohio, you're going to need to be aware of specific permits (the county is stressful sometimes) as well as zoning.

HELOCs are a great tool if you expect to need funds readily available but no project in mind right at this moment, or if you know you can pay them back quickly.

If you are going to new Private Money Investors you can set the tone with the initial offer as they may not have considered what terms they are really looking for.I would go for Structure 2 with 8-10% interest to make it juicier for them - no one is going to get too excited over 5-6% and with the numbers you are showing you can cover the extra few percent.If you perform over time you can get better terms with subsequent loans from private lenders a lot of times.

And yes, having a job transfer across the country also counts as a reason to need a new home...as long as you didn't know about it before you purchased your current home.